Jeera futures experienced a notable increase of 3.26%, reaching Rs 21,370, driven by unfavorable weather patterns, postponed sowing activities, and significantly reduced arrivals in major markets such as Unjha. The irregular and inadequate precipitation in Gujarat has led to one of the most sluggish sowing seasons observed in recent years, thereby maintaining heightened supply concerns. High-quality cumin persists in commanding elevated prices as a result of limited availability.

Export demand from Gulf countries and China has shown a modest improvement; however, it continues to be significantly influenced by price sensitivity, which constrains potential gains. Furthermore, logistical challenges in India and the Middle East are constraining supply flow, thereby reinforcing the stability in prices. Nonetheless, the potential for further gains appears limited, given that the retail season has concluded and foreign buyers are predominantly inactive. Domestic stocks are exhibiting stability, while a lack of robust export interest is dampening overall sentiment. Current demand is primarily being satisfied through existing inventories.

Farmers are said to possess approximately 20 lakh bags of cumin, with only an anticipated 3–4 lakh bags likely to be traded this season, resulting in a substantial carry-forward stock of nearly 16 lakh bags. Production estimates for 2025 indicate a range of 90–92 lakh bags, a decrease from last year’s 1.10 crore bags. Gujarat is projected to yield 42–45 lakh bags, while Rajasthan is expected to produce 48–50 lakh bags.

In Unjha, spot prices increased by 0.47% to Rs 21,134. From a technical perspective, the market is experiencing new buying activity, as evidenced by a 9.91% increase in open interest, bringing it to 3,459. Support stands at Rs 20,920, with the next level at Rs 20,470. Resistance is established at Rs 21,670, and a breakout may propel prices toward Rs 21,970.