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.
Proud Members of:
American Spice Trade Association (ASTA)
Association of Food Industries (AFI)
©2019 John H. Elton Inc. New York, NY USA
February 8, 2019
With Chinese New Year festivities the Pepper market is largely on hold. We saw virtually no quotes from Vietnam for BLACK over the recent period. Brazil is assessing the updated scrutiny from Europe for its pepper, but has made good sales since their harvest a few months back and is not pressing at all for more sales. It feels to us like there will be need for some nearby bookings when the market resumes next week in Ho Chi Minh City, which should hold things steady for a little bit. It will be the pace of that activity that will determine when/if there is some pressure after the initial demand is met. Timing is everything.
The same holds true for WHITE. There are no developments to report.
Egyptian BASIL quotes are higher. Nearby CELERY is under some pressure. We have seen more competitive CLOVE offers. We are in the last few critical weeks before India's good new CUMIN harvest and some intrepid sellers are bearish. Chinese GARLIC quotes have been steady. Laurel stocks are limited in Turkey. After silence for a period, some Indonesian sellers will now offer MACE. PIMENTO shippers are anxious for proposals. SAGE is strong.