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 16, 2025
The Supreme Court has not announced its tariff decision today! If the tariffs are struck down the impact should immediately effect offers for spices from overseas. The value of inventory in the U.S. would also be reassessed if refunds happen. Also geopolitically, the turmoil in Iran likely will have an impact on a number of markets depending on developments.
Pepper
As the year opened Brazilian and Vietnamese markets eased in response to very limited global demand. The correction has brought the market back to the recent buying levels and there is resulting interest emerging. Brazilian shippers have their pipelines largely filled making nearby offers scarce. The U.S. spot market continues to hold at levels below where they were in early December.
Other Spices:
CLOVE offers from Indonesia advanced; lower Madagascar offers only moved up a little from the early December recent lows. Buyers seem to like European CARAWAY levels and are taking long positions. Indian CHILLIE markets were largely closed for various harvest related festivals this week; Monday's re-openings will be closely watched as there is no carry-overs and initial strength could trigger an advance. Their CUMIN markets are centered at the opposite end of the country and are also at a tipping point with the arrival of their crops as well - also with some contradictory factors at play. Staying in India, the reduced white ONION harvest is currently not triggering strength because of tepid demand. Finally their TURMERIC markets will also be heavily dependent on Middle East developments over the next few months.
JHE IS NOW USDA ORGANIC CERTIFIED