Jeera futures experienced a slight decline of 0.09%, closing at Rs 21,580, influenced by adequate domestic supplies and a lack of robust export demand, which exerted downward pressure on prices. Ample stocks and price-sensitive international purchasers, especially from the Gulf region and China, maintained a constrained export momentum. Nevertheless, the downside was constrained owing to weather-related postponements in sowing and diminished acreage in Gujarat. As of 1 December 2025, jeera sowing in the state experienced a decline of 7.74%, totaling 194,775 hectares compared to 211,121 hectares the previous year. This downturn can be attributed to uneven rainfall, which has left fields inadequately prepared, leading to one of the slowest sowing starts observed in recent years. Arrivals in the Unjha market remain limited, thereby sustaining elevated prices for quality material.

Although there has been a modest uptick in export demand, prevailing sentiment continues to be characterized by caution, largely attributable to logistical hurdles in India and the Middle East. Market participants observe that the end of the retail season, coupled with a decline in foreign inquiries, has dampened confidence. However, reduced arrivals and disruptions during the festive period have provided sporadic support. The GST Council’s decision to reduce the tax rate to 5% is anticipated to bolster both FMCG exports and domestic consumption.

Farmers currently retain approximately 20 lakh bags, with an anticipated trade of merely 3–4 lakh bags this season, resulting in nearly 16 lakh bags remaining as carry-forward stock. Production estimates indicate a decline to 90–92 lakh bags compared to 1.10 crore bags in the previous year, with Gujarat projected to yield 42–45 lakh bags and Rajasthan anticipated to produce 48–50 lakh bags. During the period from April to September 2025, jeera exports experienced a decline of 14.51% compared to the previous year; however, shipments in September increased by 22.93% relative to August. Spot prices in Unjha increased by 0.3%, reaching Rs 21,450.85.

From a technical perspective, long liquidation is evident as open interest decreased by 2.67% to 2,841. Support is positioned at Rs 21,400, with the potential for a test at Rs 21,230 should it be breached. Resistance is established at Rs 21,740, with a potential breakout towards Rs 21,910.