John H. Elton, Inc. Spice Brokers Global Services Since 1949
Spice & Commodity Brokers in Forest Hills, New York
John H. Elton, Inc., is a full service ingredient brokerage house specializing in herbs, spices, dried fruits and nuts.
Proud Member of:
American Spice Trade Association (ASTA)
©2024 John H. Elton Inc. New York, NY USA
January 31, 2025
Pepper
With Tet Holidays it has been a quiet week in Vietnam. All eyes are focused on what happens when they re-open next week; each firm has a different schedule on that from Monday-Wednesday. Consensus view seems to be that arrivals are light and there will be firms needing to cover shorts in February so weakness is unlikely; if China steps in the market should strengthen. Interestingly Vietnam buyers continued to ask for offers from Brazil during this period and those are limited. The sellers that can offer are getting more and more adamant that they cannot wait lengthy periods of time for payments because of the lengthy voyage.
Other Spices:
ANNATTO, ALLSPICE, CARAWAY, CORIANDER, FLAX MUSTARD, OREGANO and CHILLIES should be impacted by the U.S. tariffs announced to start tomorrow on Canada and Mexico. Chinese tariffs should touch GARLIC, ONION, PAPRIKA, CHILLIES AND VEGETABLES. There is good interest for new crop Ivory Coast ANNATTO. Brazil is competitive and is offering more quantities of CLOVES, while Indonesia is booking volumes as their levels remain below Madagascar. Like most Indian items this season growing conditions have generally been good for conventional CUMIN and that market has softened; IPM grades harvest later and because of inadequate expected yields for expected demand the premium differential may expand this season. FENNEL crops are also good, but there is short sowing this season; so far there is no strength. Indian GINGER is active as prices are competitive and there is now acceptance that Nigerian production is very short and pricing will not be workable. Europe reports quality issues with POPPY and limited stocks; strength is anticipated but is not yet there.
JHE IS NOW USDA ORGANIC CERTIFIED