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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.
July 19, 2024
Pepper
Vietnam's offers have drifted with few buyers in the market; reluctant sellers who had been unwilling to match more aggressive offers now are more willing to compete. Towards weeks' end Brazil is much more competitive, and there is more availability of steam sterilized product. Indonesia continues to undercut Vietnam on WHITE; China is taking advantage.
Other Spices:
The Indian CHILLIE market has dropped over the past month, but the corresponding decline in pricing is offset largely by higher freight rates. Indian CUMIN quotes are range-bound at healthy levels; still no pressure from other harvests. Turkish LAUREL sellers for current crop LAUREL are rare and no one seems to be ready to offer the coming harvest. Their OREGANO market is also strong as a result of a substantial crop reduction, but buyers are absent also. We still only are aware of only one new crop PIMENTO seller with pricing 10% above the value of the few remaining stocks from last season. The early season strength of the Indian TURMERIC market has abated; there has been substantial sowing for the coming crop
JHE IS NOW USDA ORGANIC CERTIFIED