There has been very little news from India over the last few weeks regarding peppermint. The currency has been the main factor in this market. The rupee has moved from approximately 53 to a high of 68 to the US dollar at the end of August, an increase of 28%, which meant export prices decreasing by almost the same amount.
The reforms from the newly appointed governor of the Indian Central Bank have partly remedied the situation, with the rupee now down to 62.70 to the USD. The consensus is that it will firm up to around to 60 over the next few days.
At present mint prices are up 8-10 % in comparison to two weeks ago.