This weekend we received an update from our good supplier in Guatemala regarding next crop Allspice Pimiento
7/9/23 7:57 PM
We anticipated that the size of the 2023 crop would be slightly larger than the crop in 2022. However, the region has been affected by dry and hot weather (possible El Niño), leading us to revise our expectations. As a result, we now predict that this year's crop will be either equal to or slightly smaller than the previous one.
Additionally, El Niño has caused a slight delay in the crop's harvest. Nevertheless, in Guatemala, the crop has just begun. We have already started purchasing small quantities and hope to increase our purchasing volume in the coming weeks as more cargo starts to come out.
On the other hand, Honduras has already started buying Allspice from Guatemala, taking it to Honduras and exporting it with the origin labeled as Honduras.
As mentioned earlier, we are in the early stages of the crop, but we are observing significant interest and demand from customers, local speculators and exporters. These factors and the anticipation of a smaller crop have contributed to the initiation of Allspice prices at higher levels.
Since we are still at the beginning of the harvest, it is essential to exercise caution. Our indication for premium clean 2023 Allspice from Guatemala (not FAQ quality) is at USD 8.50/kg CIF.
We have already started accepting orders, and they will be processed on a first-come, first-serve basis at these price levels.
Please feel free to reach out to us for any further inquiries or to place your orders.
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