Jeera prices concluded with a slight increase of 0.03% at Rs 19,130, influenced by subdued export demand after the conclusion of the retail season. The market exhibited signs of support following the GST Council’s decision to lower the tax rate on jeera to 5%, a strategic move anticipated to enhance both FMCG exports and domestic consumption. Nonetheless, sentiment continued to be muted, attributed to ample supplies and a lack of significant purchasing interest from international markets.

Farmers presently possess approximately 20 lakh bags of cumin, with an anticipated trade of merely 3–4 lakh bags by the conclusion of the season, resulting in an estimated carry-forward stock of nearly 16 lakh bags. Current season production is projected at 90–92 lakh bags, a decline from last year’s 1.10 crore bags, attributed to diminished sowing in critical areas. Gujarat is anticipated to yield approximately 42–45 lakh bags, while Rajasthan is expected to produce between 48 and 50 lakh bags.

Globally, the production of cumin in China, Syria, Turkey, and Afghanistan has been influenced by unfavorable weather conditions and geopolitical tensions, while the export demand for Indian jeera continues to exhibit softness. During the period from April to July 2025, exports experienced a decline of 19.81%, falling to 73,026 tonnes compared to 91,070 tonnes in the same timeframe the previous year, indicative of a slowdown in international demand.

From a technical perspective, the market is experiencing new buying activity, evidenced by a 16.32% increase in open interest to 3,015, while prices have risen by Rs 5. Jeera exhibits immediate support levels at Rs 19,040 and Rs 18,950, with resistance identified at Rs 19,280; a breakout beyond this threshold may propel prices towards Rs 19,430 in the short term.