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
July 3, 2026
Despite the traffic in the Strait of Hormuz freight rates continue to ascend particularly from Asia; heavy traffic, strong Chinese import demand, continued disruption of trade routes, and still high fuel costs are driving substantial "GRI's." Tariff rebates are starting to arrive! But some companies are demanding importers share these funds... another residual disruption.
Pepper
Limited demand from all origins, including the US and EU, has pulled Vietnam levels back toward the bottom of the months-long trading range - but most insist on freight clauses for shipments farther out because of the ascending trend of freight rates. Farmers there continue to hold product in anticipation of higher prices in Q4. A few Brazilian sellers also showed some lower quotes, but they are not pressing.
Other Spices:
The Chinese GARLIC market remains firm. PIMENTO quotes for material from last year eased slightly, but offers for new crop are still limited; Honduras advised their crop will be 35-40% less than last year. Even with a good ROSEMARY harvest, price drops have been limited due to Moroccon government harvesting permit restrictions. Indian SESAME continues firm as new crop sowing will be affected if the rains do pick up soon - El Nino is attributed causing last month's 43% shortfall. Indian ONION suppliers are citing it also underlying their strengthening market.
JHE IS NOW USDA ORGANIC CERTIFIED