Jeera prices decreased by 0.28% to close at Rs 19,280, influenced by subdued export demand after the retail season came to an end. The decline occurred notwithstanding supportive measures, including the GST Council’s decision to reduce the GST rate to 5%, anticipated to enhance FMCG exports and domestic consumption in the forthcoming months. Market participants observed that limited foreign purchasing alongside ample supply levels exerted downward pressure on prices.

Farmers presently possess approximately 20 lakh bags of cumin, with an anticipated trade of merely 3–4 lakh bags before the conclusion of the season, resulting in an estimated carry-forward stock of about 16 lakh bags. Production levels for the current season are anticipated to hold steady relative to the previous year, bolstered by favorable weather conditions and satisfactory sowing progress. India’s total cumin output is estimated to be approximately 90–92 lakh bags, a decrease from last year’s figure of 1.10 crore bags.

Gujarat is expected to contribute around 42–45 lakh bags, while Rajasthan’s contribution is projected to be about 48–50 lakh bags. In terms of exports, demand appears subdued — jeera exports from April to July 2025 decreased significantly by 19.81% to 73,026 tonnes compared to 91,070 tonnes in the same period the previous year, with July shipments declining by 20.83% year-on-year to 13,779 tonnes.

The market is currently experiencing renewed selling pressure, evidenced by a 15.44% increase in open interest to 1,929, alongside a price decline of Rs 55. Jeera is currently supported at Rs 19,190, and a decline beneath this level may lead to a test of Rs 19,090. Resistance is identified at Rs 19,350, with a possible upward movement towards Rs 19,410 upon recovery. Jeera prices have remained stable as a result of subdued export demand.