Jeera prices declined by 1.73% to Rs 19,930, influenced by profit booking and subdued export demand following the conclusion of the retail season. The decline was further influenced by muted foreign purchasing and adequate domestic inventories, while arrivals stayed low owing to Diwali holidays in key trading hubs. Nonetheless, the drawbacks were mitigated by opportunistic purchasing at reduced price points and backing from the GST Council’s resolution to lower the GST rate to 5%, anticipated to enhance FMCG demand and export competitiveness.

Traders noted that despite a significant stock availability, with farmers possessing approximately 20 lakh bags, only an estimated 3–4 lakh bags are expected to be traded by the end of the season, resulting in a projected carry-forward of 16 lakh bags. Production for the current season is anticipated to align closely with last year’s figures, bolstered by favorable weather patterns and optimal sowing conditions.

India’s total cumin output is estimated to be between 90 and 92 lakh bags, a decline from last year’s figure of 1.10 crore bags. Gujarat is projected to contribute approximately 42 to 45 lakh bags, while Rajasthan is expected to produce around 48 to 50 lakh bags. In the realm of exports, the period from April to August 2025 witnessed a decline of 17.02%, totaling 85,977 tonnes; however, exports in August experienced a year-on-year increase of 3.24%.

From a technical perspective, Jeera is experiencing long liquidation, as evidenced by a 1.09% decrease in open interest to 2,997 lots, indicating a decline in speculative interest. Support is identified at Rs 19,750; a decline below this level may lead to a test of Rs 19,570. Conversely, resistance is positioned at Rs 20,220, and a breakout above this threshold could propel prices towards Rs 20,510.