John H. Elton, Inc. Spice Brokers Global Services Since 1949
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American Spice Trade Association (ASTA)
©2023 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.
Sept 13, 2024
Pepper
Since our last report the Vietnamese market advanced sharply and has since stabilized. Brazil followed a similar path, and Indonesia is now quoting at parallel levels rather than discounting other origins. The dramatic gyrations continue as the graph ascends. The challenge is to identify the dips and step in during those quieter moments. Brazil's production is clearly disappointing this season. There is no near term relief on the horizon. We already have some reports anticipating a late crop in Vietnam, but it seems too soon to know this now.
Other Spices:
Finland is selling new crop CARAWAY; Canada is not competing yet. CARDAMOM stocks are thin in a quiet market but more competitive lots from sellers ready to move inventory are more limited. The latest Consumer Reports is out and highlights heavy metal compliance challenges in CASSIA; there are many efforts in Vietnam underway to address the issue while Indonesia may likely be the beneficiary near term as its product has lower levels. Associates in Canada have more to say on CORIANDER; they expect a good harvest. Indian FENNEL levels are not attractive for farmers so reports of less sowing are floating in their market. Moroccan ROSEMARY offers are challenging to find. China is growing more PAPRIKA in provinces other than Xinjiang; buyers looking for alternatives are more seriously considering African alternatives. India's winter SESAME harvest is expected to be appreciably smaller in quantity than in 2023.
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