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advised to follow buy on dip strategy for near term, he added.Farmers are holding their mentha produce with anticipation of higher market prices in the next season. Long term trend is expected to be bearish amid higher production estimates.According to the traders, the total area under mentha crop cultivation is expected to remain 20% higher at 2.10 lakh hectares this year against last year's 1.75 lakh ha. Also, mentha oil output is estimated to be at around 65,000 tons this year, when compared to 53,000 tons in the last year.