Jeera futures experienced a significant decline, closing 3.1% lower at Rs 20,810, influenced by ample supplies and a lack of robust export interest, as existing inventories sufficiently satisfy current demand. Despite this decline, the downside appears somewhat constrained owing to unfavorable weather conditions and postponed sowing in key producing areas. In Gujarat, the area under sowing has decreased by 7.74% year-on-year to 1.94 lakh hectares, marking one of the slowest rates observed in recent years, attributed to irregular rainfall that has resulted in unprepared fields. Arrivals at the Unjha market are notably sparse, with premium-quality cumin commanding higher prices. Export demand from Gulf nations and China has exhibited a modest uptick; however, it continues to be significantly influenced by price fluctuations, particularly in light of logistical challenges and weather-related disruptions affecting India and the Middle East.

Market participants observe that the end of the retail season, coupled with diminished involvement from international buyers, is impacting overall sentiment. Farmers currently retain approximately 20 lakh bags; however, it is anticipated that only 3 to 4 lakh bags will be traded this season. This situation results in a substantial carry-forward stock of around 16 lakh bags. Current season production is projected at 90–92 lakh bags, a decline from last year’s 1.10 crore bags, attributed to decreased acreage.

Worldwide, production forecasts have been adjusted downward for China, Syria, Turkey, and Afghanistan as a result of unfavorable weather conditions. Jeera exports for the period of April to September 2025 experienced a decline of 14.51%. However, shipments in September showed an increase of 2.20% year-on-year and 22.93% month-on-month. In the Unjha spot market, prices concluded at Rs 21,104.95, reflecting an increase of 0.17%.

From a technical perspective, jeera is experiencing long liquidation, evidenced by a 3.78% decline in open interest, which indicates selling pressure. Support is positioned at Rs 20,590, with additional decline anticipated towards Rs 20,360. Resistance is established at Rs 21,210, and a breach above this level could lead to potential gains toward Rs 21,600.