Jeera prices declined by 0.76% to 20,185 as weak export demand after the end of the retail season weighed on sentiment. Traders reported subdued activity from overseas buyers, with most export commitments being met from existing stocks. Comfortable domestic supply and muted international interest also added pressure, though downside remained limited due to low arrivals amid Diwali holidays.

The recent reduction in GST on jeera to 5% is expected to support FMCG exports and domestic consumption in the coming months. Market reports indicate that farmers still hold around 20 lakh bags of cumin, with only 3–4 lakh bags likely to be traded before the season ends, leaving an estimated carryover of about 16 lakh bags. India’s cumin production for the current year is estimated at 90–92 lakh bags, lower than last year’s 1.10 crore bags, due to reduced sowing area. Production in Gujarat is estimated at 42–45 lakh bags and in Rajasthan at 48–50 lakh bags.

Meanwhile, output in other producing nations like China, Turkey, Syria, and Afghanistan remains constrained by adverse weather and geopolitical issues, but this has yet to translate into stronger Indian exports. Jeera exports fell 17.02% during April–August 2025 to 85,977 tonnes compared to last year.

The market witnessed long liquidation as open interest dropped 4.45% to 2,643 while prices fell Rs 155. Jeera now finds support at Rs 20,020, and a break below could test Rs 19,840 levels. Resistance is seen at Rs 20,430, and a move above may lift prices toward Rs 20,660.