Cryptic crossword clue
The Spanish mostly give off fragrant resin 5

The most common and most likely answer to this crossword clue is the 5 letter word ELEMI

I've seen this crossword clue in Financial Times
E
L
E
M
I


Buddy explains!

The straight part
We know that "fragrant resin" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case fragrant resin = elemi.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does ELEMI mean?

ELEMI noun
  1. A tree, Canarium luzonicum, native to the Philippines.
  2. A resin harvested from the elemi tree.

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