Raw Materials Sponsored by
Ask anyone who buys mint today and they will probably tell you the price is too high and many will state that they are not going to cover until the prices ease. Even if there was a will to purchase oil, the financial institutions have such a tight restriction on lending at present that buyers may not have the freedom to invest. Unfortunately, there are fundamental problems with this situation, which means the industry may have reached a point of high-level stability in the mint market.
It is true prices are high compared to their historical value; the Multi Commodity Exchange of India (MCX) was trading crude Mentha arvensis at 600 rupees in January 2010 and today it stands at 1,600 rupees—but why is the price at this level? Production costs. The price of fuel is a factor—irrigation water is often pumped up from wells—and of course fuel is also used for second stage refining. However, this would not account for a 2.5x increase.
This is only an excerpt of the full article that appeared in P&F Magazine. The full content is not currently available online.
Arctander's Perfume and Flavor Materials of Natural Origin is a handy and practical handbook. While perfumery and flavor creation is an art form that cannot be taught or developed by research through generations, Arctander left behind gold nuggets of flavor and fragrance science still valid today. This book is treasured today as it was when it first came out. Arctander's passion comes through in every page.