Jeera futures experienced a decline of 1.37%, settling at Rs 20925. This decrease can be attributed to ample supplies and subdued export demand, although the extent of the decline was constrained by factors such as delayed sowing and disruptions related to weather conditions. Gujarat’s sowing area reached 2,60,925 hectares, reflecting a slight decline compared to the previous year, attributed to irregular rainfall that hindered field preparation. Arrivals at Unjha continued to be subdued, with premium-quality cumin commanding higher prices. Export demand from Gulf nations and China has shown a modest improvement; however, it continues to be significantly influenced by price sensitivity. Disruptions in supply chains originating from India and the Middle East are contributing to a constrained availability of goods.
Market participants observe that the post-festival deceleration and muted foreign investment persist in exerting downward pressure, whereas limited arrivals offer sporadic support. The anticipated reduction of GST to 5% is likely to bolster both domestic and export demand linked to the FMCG sector. Farmers are projected to possess approximately 20 lakh bags; however, it is anticipated that merely 3–4 lakh bags will be traded this season, resulting in a substantial carry-forward stock. Production forecasts suggest a range of 90–92 lakh bags for the current season, a decline from last year’s figure of 1.10 crore bags.
Gujarat is estimated to contribute 42–45 lakh bags, while Rajasthan is projected at 48–50 lakh bags. Global output, especially in China, Turkey, Syria, and Afghanistan, is anticipated to decline as a result of unfavorable conditions. Jeera exports for the period of April to September 2025 experienced a decline of 14.51% compared to the same period last year, although shipments in September showed an increase both on an annual and monthly basis. Unjha spot prices decreased by 0.22%, settling at 21035.
Long liquidation is apparent as open interest decreased by 13.94% to 2037, coinciding with a price decline of Rs 290. Support stands at Rs 20760, with additional weakness anticipated toward Rs 20570, while resistance is positioned at Rs 21250, beyond which prices could approach Rs 21550.