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
April 24, 2026
At the begining of this week, the federal govenment launched a portal for importers to claim refunds on the import tariffs that were struck down by the Supreme Court. The link for the portal is: https://www.cbp.gov/trade/programs-administration/trade-remedies/ieepa-duty-refunds. Many have already completed the application process and are now awaiting refunds.
Pepper
The absence of Middle Eastern demand continues to weigh heavily on Vietnam pricing, despite their shorter crop. It is becoming clearer that the main trading hub, Dubai, has been hit hard by the war and it will take some time for them to recover. Trading patterns and routes may also change as result. Active buying from China, as well as local covering by Viet exporters seemed to mitigate a stronger decline. US buyers also stepped in trying to book further out positions but most sellers would only offer for nearby. Brazilian sellers are also reporting an overall lack of demand but the weak USD continues to keep their prices steady.
Other Spices:
The ASTA convention in Palm Springs is just over. Egyptian sellers in attendance reported that two items of concern are BASIL and FENNEL, both of whom have had strikingly lower sowing because of the low prices over the past crops. Also, the huge jump in fertilizer pricing there is impacting farmers decisions, particulary on Basil. Indonesian CASSIA sellers are pushing hard for sales all of a sudden. Bulgaria is close to being sold out on CORIANDER. Indian CUMIN prices on their commodity exchange are falling as local speculators have dissapeared due to lack Middle east demand. The Turkish OREGANO crop is expected to be larger than last year, but still well short of normal.The heavy plantings will take a few years to be fully productive. Greece also reports that their Oregano crop is looking good but it is still too early to offer.
JHE IS NOW USDA ORGANIC CERTIFIED