Jeera prices have declined, closing lower by 0.87% at Rs 22,210, influenced by ample supplies and a lack of robust export demand in the context of sufficient existing inventories. Market sentiment continues to exhibit caution, as foreign demand remains subdued, with existing export needs predominantly satisfied by current inventories. During the period from April to October 2025, exports experienced a year-on-year decline of 13.21%. Additionally, shipments in October showed a decrease compared to both the previous year and the preceding month, indicating a lack of robust buying interest.

In the spot market, Unjha prices experienced a decline of 0.65% to Rs 22,135.65, despite notably low arrivals, suggesting a selective demand that is concentrated on premium quality lots. The potential for downside seems constrained, as ongoing weather disruptions and postponed sowing persist in supporting prices. As of 29 December 2025, jeera sowing in Gujarat reached 398,596 hectares, reflexcting a decline of 14.20% compared to the previous year. This downturn signifies one of the slowest sowing seasons in recent years, attributed to irregular rainfall patterns and inadequately prepared fields.

Supply tightness is further reinforced by logistical challenges throughout India and the Middle East, while geopolitical disruptions in Syria, Turkey, Afghanistan, and China have constrained global output. Domestic fundamentals present a mixed picture, as farmers currently possess nearly 20 lakh bags, with only an anticipated 3–4 lakh bags likely to be traded, resulting in substantial carry-forward stocks. Current season production is projected to be lower at 90–92 lakh bags compared to 1.10 crore bags last year, primarily attributed to decreased sowing activities.

From a technical perspective, the market is experiencing new selling pressure, as evidenced by a 0.54% increase in open interest to 4,461, coinciding with a price decline of Rs 195. Support is identified at Rs 21,800; a breach of this level could lead to a test of Rs 21,390. Resistance is identified at Rs 22,960, and a breach above this level may propel prices towards Rs 23,710.