The ongoing traders' strike over mandi tax in the heart of mentha oil production region Uttar Pradesh is set to fuel prices abnormally in the near term on lack of supplies.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Prices of mentha oil have slipped marginally during last week to Rs 448 per kg from Rs 456. Surprisingly, the commodity was hovering above Rs 527 per kg on export demand. 
</p><p class='TableClas'>Mentha traders have completely paralysed its trading across Uttar Pradesh to protest the state government&#39;s decision to impose 2.5 per cent mandi tax. Booking came to a standstill. To add fuel to fire, the state government has levied the tax with a retrospective effect of January 2004 which may drive many traders out of the business. 
</p><p class='TableClas'>The traders&#39; strike just ahead of the arrival of new mentha crop has added to the woes of farmers. Exports of the commodity have also been affected by the agitation. 
</p><p class='TableClas'>Mentha traders and farmers jointly staged a demonstration in Bareilly to oppose the state government&#39;s levy. A similar demonstration was also held at the Bilaspur market in the Rampur janpad. </P></p><p class='TableClas'></p></table>


Mentha oil set to spurt on traders` strike in UP

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