Jeera prices increased by 0.72% to close at Rs 19,495, driven by renewed buying interest at lower price points and a decline in arrivals attributed to the Diwali holidays. The reduction in inflows across key mandis provided a temporary boost to prices; however, the overall potential for increase was limited by subdued export demand after the conclusion of the retail season.

The recent reduction in GST on jeera to 5% is anticipated to enhance domestic FMCG consumption and exports in the medium term. Nevertheless, ample inventory levels and lackluster foreign demand persist in dampening market sentiment. Market participants observed that farmers continue to retain approximately 20 lakh bags of jeera, with an estimated 3–4 lakh bags expected to be traded by the season’s conclusion, resulting in a substantial carry-forward stock of nearly 16 lakh bags. Production for the current year is projected at 90–92 lakh bags, a modest decline from last year’s 1.10 crore bags, bolstered by favorable weather and sowing conditions in Gujarat and Rajasthan.

Global output is anticipated to stay constrained, as production declines in China, Syria, and Turkey are attributed to unfavorable weather conditions. Additionally, the absence of robust export orders from India has dampened price momentum. Jeera exports from April to August 2025 experienced a decline of 17.02%, totaling 85,977 tonnes, in comparison to the corresponding period of the previous year, indicative of persistently subdued foreign demand.

From a technical perspective, the market is experiencing short covering, evidenced by a 9.68% decline in open interest to 3,162, alongside a price increase of Rs 140. Jeera exhibits support levels at Rs 19,290 and Rs 19,070, with resistance anticipated at Rs 19,800 and Rs 20,090.