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
April 25, 2025
Pepper
There is interest for shipments that will arrive before July 8th - the last day of the 90 day tariff suspension. With uncertainty prevailing about what will be the final rates - which would impact invoices more than near term market changes - U.S. forward buying has been limited. Next week Vietnam celebrates Reunification Day then International Labor Day so should not driving any major market adjustments; we are past the initial market drop and subsequent correction from the initial tariff announcements so sentiment now is to wait out the U.S. confusion. Farmers are steadfast that the shorter crop will ultimately drive levels higher during the summer months. Brazil is offering limited quantities and there is demand for those offers.
Other Spices:
Spot U.S. sellers are struggling to establish appropriate asking prices for current inventory; they are willing to compromise by not adjusting to reflect the full tariff impacts, but there is an increasing unwillingness to ignore that possibility. Each scenario, each spice, faces a different set of circumstances - there is not a universal formula - so the drift is higher. Prices below are even more "subject to final confirmation," - market fluctuations are secondary in assessing valuations. India's CELERY harvest will be smaller and there is strength; their CUMIN and FENNEL markets eased this week. China produces most of the world's supply of dehydrated GARLIC; there has been particular demand here for lower base cost spot inventories in the past few weeks, while the origin market has been easing. Egyptian MARJORAM levels are easier with the good crop; their stocks of premium curly PARSLEY are limited, as are those from Europe for current and to come summer crops. Morocco now offers new crop ROSEMARY.
JHE IS NOW USDA ORGANIC CERTIFIED