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©2019 John H. Elton Inc. New York, NY USA
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.
October 4, 2019
Brazil and Ecuador's levels for BLACK have held fairly steady. Vietnam slid a little approaching levels from those other origins, and with their advantageous sterilization capacities, that seemed enough to trigger the interest we anticipated in our last report. Also the ability to buy new crop 2020 shipments at current levels was attractive to some. The more active market may trigger further market movement, but at the moment the direction is unclear.
Vietnam's WHITE quotes also drifted lower. Indonesia continues to ask a healthy premium, which has been drawing interest nevertheless from buyers who continue to insist on it.
Chinese CASSIA quotes eased a little, but Indonesia stayed very steady and has had support of late. There continues to be concern about the Indian CHILLIE production. Brazil's CLOVE crop looks good and the harvest is on the horizon; we are hearing rumors of sharp offers but our contacts are being cautious until the harvest actually happens. There is not yet any relief on the MACE situation. China is starting to harvest a good and early PAPRIKA crop. Holland has sold most of its PARSLEY production while the harvest is not yet complete. Mexican PIMENTO levels surged as their internal market is strong; Central American offers are are higher, but not as much. POPPY is quite steady, and active. Indian rains caused concerns about the coming SESAME harvest and exporters were a little more cautious. Indian new crop TURMERIC levels are very sharp.