John H. Elton, Inc. Spice Brokers Global Services Since 1949
Spice & Commodity Brokers in Greenpoint (Brooklyn), 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)
©2025 John H. Elton Inc. New York, NY USA
July 3, 2025
Pepper
Confusion remains and the market has gyrated. Vietnam's softening prices reached a point earlier this week which pulled out buying interest, and the resulting demand quickly triggered a strong surge in prices. Brazilian levels mirrored the Vietnamese market fluctuations - the BSA suspension of offers has been retracted. There is now an agreement with Vietnam at the lower 20% tariff level for U.S. imports (it appears instead of rather than supplementing the earlier 10% base), but there continues to be lobbying efforts to completely exclude all agricultural items not produced in the U.S. from any tariffs at all. Confusion in Vietnam about administrative details of their new VAT taxes has made some shippers there wary as well. While the tariff change is good and has triggered some activity, more clarification is still needed - U.S. buyers likely will remain cautious.
Other Spices:
Guatemala is now seeing some CARDAMOM interest as Indian shippers are cautious about offering their coming crop for a few more weeks - they have limited and high priced stocks remaining from last year. CELERY is also very strong in India with their disappointing harvest and strong demand from oleo producers. Indonesia CLOVES are competitive. Stocks of good green Indian FENNEL are running low; prices for the premium grades advanced. Turkey is finally offering new crop OREGANO but at high levels. ESA has issued a report on Moroccan new crop ROSEMARY; the crop is shorter than last year and there is no carryover - it looks like they will be sold out very soon. Heavy rains have impeded drying of new crop Indian NUTMEG so that market is strong.
JHE IS NOW USDA ORGANIC CERTIFIED