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
Oct 25, 2025
* U.S. ports are still functioning normally despite the Government shutdown.
* Reports abound that a U.S.-India agreement will be announced at the ASEAN Summit later this month reducing the tariff rate from 50% to 15%. Many spice contracts from there are on hold. If the agreement is put in place substantial activity is also likely for needs that have not yet been booked.
* As of this writing the increased tariffs on selected imports from China are still in place to commence November 1st. There are no spices included.
Pepper
A JHE team currently in Brazil has been impressed with the selective newer facilities in place designed to sterilize and accomodate increasingly stringent international standards. But there are also more traders in recent years who impact achievable margins. Over time the distinction will likely make for a more segmented market. With the current tariff rate to the U.S. buying from there is limited. Expectations are that the Lula Government is not likely to give in to demands from the U.S. The imminent crop in the south seems favorable, but despite an inactive market expectations are for continued resistance to price pressure, as large plantation holders have deep pockets and are well aware of the fundamental short world supply situation. Vietnam's level have eased a little during this period. They too report limited activity.
Other Spices:
Indian markets were closed most of the week for Diwali and other festivals. Re-opening next week may make for some volatility. They are also just planting new crop CUMIN and this is closely being watched; there has been a little strength which is typical as sowing happens. Mexico is offering limited quantities of their OREGANO. PIMENTO offers remain strong but buyers are resisting. After the earlier strength India's TURMERIC markets corrected.
JHE IS NOW USDA ORGANIC CERTIFIED