Jeera prices yesterday concluded with a slight decline of 0.26 percent at Rs 21,135, despite ongoing weather-related challenges and postponed sowing that continued to provide fundamental support to the market. Nevertheless, the potential for price increases was limited by ample supplies and a lack of robust export interest, as the majority of foreign demand was satisfied by current inventories. In Gujarat, as of 15 December 2025, jeera sowing reached 3.24 lakh hectares, reflecting a decline of nearly 14 percent year-on-year. This downturn can be attributed to irregular rainfall and inadequately prepared fields, leading to one of the slowest sowing seasons observed in recent years. Arrivals at Unjha were notably subdued, with high-quality cumin fetching a premium price. At a fundamental level, demand exhibits a mixed pattern.

Export inquiries from Gulf countries and China have exhibited a degree of improvement; however, purchasing behavior remains highly sensitive to price fluctuations. Logistical and weather disruptions throughout India and the Middle East are constraining near-term supply. However, the end of the retail season, coupled with ongoing inactivity from foreign buyers, is exerting downward pressure on sentiment. It is estimated that farmers are currently holding approximately 20 lakh bags of jeera, with only 3–4 lakh bags expected to be traded, resulting in a substantial carry-forward stock.

Current season production is projected at 90–92 lakh bags, a decline from last year’s 1.10 crore bags, primarily driven by contributions from Gujarat and Rajasthan. During the period from April to September 2025, exports experienced a year-on-year decline of more than 14 percent, although there was a sequential improvement noted in shipments for September. Spot prices in Unjha concluded the session with a slight decline, settling at Rs 20,977.

From a technical perspective, the market is experiencing renewed selling pressure, evidenced by a 0.7 percent increase in open interest concurrent with a price drop of Rs 55. Support levels are identified at Rs 21,050 and subsequently at Rs 20,950, whereas resistance levels are established at Rs 21,300 and then at Rs 21,450.