Tree spices are perennial crops, so the damage from a disrupted season does not show up straight away — it shows up around 18 months later, when buyers are working to a different plan.
Clove
Contract forward for Q4 2026 and Q1 2027. With supply issues in Madagascar, spot supply will be thin.
Nutmeg and mace
Extend coverage horizons, and buy whole over pre-ground.
Cinnamon (cassia)
Track the grade mix, not just the price. Dry conditions make peeling harder, and grades slip.