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
January 30, 2025
We still await the Supreme Court tariff decision. Expectations are growing that it will rule against the President having this authority; the Administration is exploring alternative approaches that may have similar impacts.
Pepper
With a little more demand - China has done some buying - markets advanced. The move has not been dramatic as the Vietnam harvest will come into full arrivals over the next 4-6 weeks and it is unclear how markets will move as arrivals are more abundant. The consensus view is that the crop is 10-20% shorter than last year, but if there is not initial demand there could be some pressure nevertheless. We have seen interest at the earlier levels of last week, but buyers have not followed the higher offers now. This has been the recurring pattern for a number of months.
Other Spices:
Norway continues to get orders from newer buyers for CARAWAY as Canada remains on the sidelines. Upon re-opening Indias CHILLIE markets have been very strong; alternative sourcing is being explored by U.S. buyers. CLOVES have advanced, and there are reports that the Madagascar harvest will disappoint. GINGER levels are lower than last year and are at similar levels in China and India. Nigeria has a very short HIBISCUS crop. Holland will have another limited PARSLEY harvest this summer. Indian TURMERIC offers retreated from historic highs of just a few weeks back.
JHE IS NOW USDA ORGANIC CERTIFIED