Jeera prices experienced an increase of 0.52% yesterday, closing at Rs 19,335. This rise was bolstered by renewed buying activity following a period of decline attributed to weak export demand and the conclusion of the retail season. Market sentiment showed a positive shift after the GST Council announced a reduction in the GST rate on jeera to 5%. This move is anticipated to enhance FMCG exports and stimulate domestic demand.

Nevertheless, increases were restrained due to ample supplies and a lack of significant foreign interest, as export demand continues to be weak despite lower production levels in rival regions like Syria, Turkey, and Afghanistan. Farmers are currently retaining approximately 20 lakh bags of jeera, with expectations that only 3–4 lakh bags will be traded prior to the season’s conclusion. This situation suggests a projected carry-forward stock of around 16 lakh bags.

Current season production is estimated to be approximately 90–92 lakh bags, a decrease from last year’s figure of 1.10 crore bags, with Gujarat and Rajasthan providing nearly equal contributions. Jeera exports from April to July 2025 experienced a significant decline of 19.81%, totaling 73,026 tonnes, down from 91,070 tonnes in the same period last year.

In July, exports experienced a decline of 20.83% compared to the same month last year and a decrease of 15.58% from June, indicating a lack of robust overseas demand. In Unjha, spot prices concluded the session slightly down at Rs 18,992.65. The market is currently experiencing new buying activity, with open interest rising by 11.18% to reach 1,671. Support levels are identified at Rs 19,190 and Rs 19,030, whereas resistance is anticipated at Rs 19,480, with a breakthrough possibly challenging Rs 19,610.