Jeera prices experienced a slight decline, closing at Rs 22,335, reflecting a decrease of 0.22%. This movement can be attributed to ample near-term supplies and a lack of robust export demand, coupled with sufficient existing inventories. Market sentiment exhibited a degree of caution, as the retail demand season has largely reached its conclusion. Overseas purchasing remains sensitive to price fluctuations, with the majority of export needs being satisfied by existing inventories. Spot prices in Unjha, the key benchmark market, experienced a decline of 0.23%, settling at 22,126.35. This movement is indicative of low arrivals coupled with selective purchasing of high-quality cumin. Nonetheless, the downside was constrained owing to supply-side considerations.
As of 29 December 2025, jeera sowing in Gujarat reached 3.99 lakh hectares, reflecting a significant decline of 14.2% year-on-year, attributed to irregular rainfall that hindered field preparation, thus characterizing one of the slowest sowing seasons observed in recent years. Reduced arrivals at Unjha, coupled with logistical disruptions throughout India and the Middle East, have exacerbated the constraints on availability.
Production for the current season is projected to decline to 90–92 lakh bags, compared to 1.10 crore bags in the previous year. Output from Gujarat is anticipated to be between 42–45 lakh bags, while Rajasthan is expected to contribute 48–50 lakh bags. Global supplies are constrained as a result of weather-related production declines observed in China, Syria, Turkey, and Afghanistan. The anticipated reduction of GST to 5% is likely to bolster demand in the FMCG sector and enhance export activities in the long run, despite the current weakness in export momentum.
From a technical perspective, the market is experiencing renewed selling pressure, as evidenced by a 0.27% increase in open interest to 4,422, coinciding with a price decline of Rs 50. Jeera exhibits support at Rs 22,100; a decline below this level could see prices testing Rs 21,870. Resistance is established at Rs 22,680, and a breakthrough could pave the way toward Rs 23,030.