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American Spice Trade Association (ASTA)
©2023 John H. Elton Inc. New York, NY USA
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.
April 26, 2024
Pepper
The market rose rapidly during the ASTA meetings in AZ with internal speculation in Vietnam, a weaker Dong, and higher ocean freights. It corrected momentarily early this week and quickly stabilized before VN closed for their 5 day Reunification/Labor Day break. Exporters there insist that come May, we are heading UP. Brazilian sellers remain scarce and most only want to offer for nearby/prompt.
Other Spices:
Egyptian new crop ANISE offers are down from last year's levels. CILANTRO spot stocks are limited. Madagascar CLOVES are easing. Spot CUMIN is also tight; material arriving in a few weeks is discounted. DILL WEED is another item where quantities for quick pickup are thin. Egypt is now offering FENNEL at levels that compete with India's market. There are very competitive stocks of Malaysian MSG on spot. MUSTARD levels have backed down, but new crop offers are not discounted. New crop PIMENTO is not yet offered. Dutch POPPY forward offers are competitive. Indian SESAME is available at pricing which is near bottom levels over the last few years. Bright yellow TURMERIC firmed still more.