NCDEX Live Updates

Jeera prices concluded with an increase of 0.74 percent at Rs 21,190, bolstered by apprehensions regarding weather conditions and postponed sowing in major production areas. In Gujarat, the irregularity of rainfall has impeded field preparation, resulting in one of the slowest sowing seasons observed in recent years. As of 15 December 2025, jeera sowing in Gujarat was recorded at 3.24 lakh hectares, reflecting a decline of nearly 14 percent year-on-year, which exacerbates supply-side concerns. In Unjha, the volume of arrivals remains notably low, while high-quality cumin continues to command premium prices.

Notwithstanding these favorable elements, the potential for price increases is constrained by ample old-season inventories and lackluster export demand. Market participants observe that the retail season has come to a close, while international purchasing activity remains predominantly subdued, as current export obligations are being fulfilled from available inventories.

Farmers currently retain approximately 20 lakh bags of jeera, with an anticipated trade of merely 3–4 lakh bags before the season concludes. This situation leads to a substantial carry-forward stock of nearly 16 lakh bags. Current season production is projected to be lower at 90–92 lakh bags, a decrease from last year’s 1.10 crore bags, primarily attributed to a reduction in the sowing area. During the period of April to September 2025, exports experienced a year-on-year decline of 14.51 percent; however, September saw a month-on-month recovery in shipments. Disruptions in global supply chains stemming from Syria, Turkey, and Afghanistan have failed to generate robust demand for Indian cumin, resulting in a prevailing cautious sentiment in the market.

From a technical perspective, the market is experiencing renewed buying interest, as evidenced by a 3.13 percent increase in open interest coupled with a price increase of Rs 155, suggesting the establishment of new long positions. Support is established at Rs 21,000, with a breach below this level potentially exposing prices to Rs 20,800. Resistance is identified at Rs 21,400, and a sustained advance beyond this threshold may challenge the Rs 21,600 levels.