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
June 20, 2026
The interim 60 day peace agreement opening the Strait of Hormuz, lifting some economic sanctions on Iran and halting hostilities - if it holds - should put pressure to ease freight rates and oil prices. For the spice trade, resumption of demand from Middle Eastern countries who have been largely absent, would have a substantial impact.
Pepper
Vietnam asking prices strengthened at the end of the week in response to the announcement of the agreement but U.S. buyers have remained largely on the sidelines so far. While quotes are higher, they remain within the trading range we have seen over the last number of months. There are reports of some very sharp quotes out of Brazil, but most of our sellers are not willing to take low bids and are holding offers within recent consistent boundaries.
Other Spices:
CELERY levels pushed even higher in India as extractors bought heavily; farmers and stockists are holding inventory. Diminished rains in India - attributed to El Nino - are also impacting markets of GINGER and more dramatically TURMERIC; it is sowing season which is being impacted. Turkey and Greece are having the opposite issue - excessive rains - and that is driving further caution about offering new crop OREGANO; buyers are hopeful that new crop levels will provide relief but it appears that if there is a softening it will be months from now, if it happens. Holland hopes to be offering more quantities of new crop PARSLEY in early July. New crop PIMENTO is not yet freely offered. New crop Moroccan ROSEMARY levels are easier than last year.
JHE IS NOW USDA ORGANIC CERTIFIED