Jeera prices held steady at Rs 19,480, as lackluster domestic and export demand following the retail season contributed to a subdued market environment. Market participants noted that the conclusion of the retail season, coupled with restricted engagement from international buyers, persists in exerting downward pressure on prices. Abundant supplies and subdued export activity exerted additional pressure, as demand was primarily satisfied by existing inventories.

Farmers are said to possess approximately 20 lakh bags of cumin, with only 3–4 lakh bags expected to be traded this season, resulting in a substantial carry-forward stock of around 16 lakh bags. On the production side, the current season is projected to record 90–92 lakh bags, a decrease from last year’s 1.10 crore bags, bolstered by improved crop conditions and robust sowing activities. Gujarat’s contribution is projected to be between 42 and 45 lakh bags, while Rajasthan is expected to yield between 48 and 50 lakh bags.

Globally, supply disruptions from Syria, Turkey, and Afghanistan persist; however, this situation has not yet resulted in an increase in Indian exports, which continue to be hindered by weak demand. During the period of April–June 2025, India’s exports experienced a significant decline of 19.57% year-on-year, totaling 59,247.76 tonnes. June shipments experienced a year-on-year increase of 10.26%, totaling 16,322.06 tonnes; however, they saw a decline of 29.67% in comparison to May 2025, indicating variable overseas demand. In Unjha, spot prices decreased by 0.19%, settling at 19,550.5.

From a technical perspective, the market is experiencing renewed selling pressure, evidenced by a 6.73% increase in open interest to 3,855, while prices have remained stable. Support is identified at Rs 19,330, with the possibility of testing Rs 19,170 if breached, while resistance stands at Rs 19,640, which may lead to a movement towards Rs 19,790 upon a breakout.