NCDEX Updates

Jeera prices experienced a modest increase, closing up by 0.27% at Rs 21,880, driven by weather disruptions and delays in sowing that have sustained market sentiment. As of 15 December 2025, sowing in Gujarat reached 3.24 lakh hectares, reflecting a significant decline of nearly 14% compared to the previous year. This downturn signifies one of the slowest sowing seasons observed in recent years, attributed to irregular rainfall patterns and inadequately prepared fields. The limited arrivals at Unjha have contributed to price stability, as high-quality cumin commands a premium in the market. Supply tightness has been further exacerbated by logistical difficulties and adverse weather conditions in India and certain regions of the Middle East.

Nevertheless, the potential for upward movement was limited due to ample existing inventories and weak export demand, as the majority of current business is being satisfied from available stock following the conclusion of the retail season. Export performance continues to exhibit weakness, as shipments from April to October 2025 have declined by 13.21% compared to the previous year. This trend underscores a cautious approach to overseas purchasing, even amidst some signs of recovery from Gulf nations and China. Production estimates for the current season have been adjusted downward owing to decreased sowing, with total output anticipated at 90–92 lakh bags, a decline from last year’s 1.10 crore bags.

Gujarat’s output is projected to be in the range of 42 to 45 lakh bags, whereas Rajasthan’s production is anticipated to be between 48 and 50 lakh bags. Globally, adverse weather conditions have led to a reduction in output expectations in China and other producing nations; however, this has not yet resulted in a significant increase in export demand for Indian cumin. The reduction of GST to 5% offers a degree of support to domestic consumption as well as to exports linked to the FMCG sector.

From a technical perspective, the market is experiencing new buying activity, evidenced by a 2.45% increase in open interest to 4,134, alongside a price increase of Rs 60. Jeera demonstrates a support level at Rs 21,580, with potential for additional downside risk extending to Rs 21,270. Resistance is identified at Rs 22,100, and a breach above this threshold may lead to a test of Rs 22,310.