NCDEX Live Updates

Jeera prices exhibited an upward trend, concluding at Rs 21,690, reflecting a 0.7% increase, bolstered by weather-induced disruptions and postponed sowing in major production areas. In Gujarat, sowing has reached approximately 3.99 lakh hectares, reflecting a significant decline of 14.2% year-on-year, as irregular rainfall has hindered field preparation, indicating one of the slowest sowing seasons observed in recent years.

Arrivals at Unjha were notably subdued, with premium-quality cumin commanding elevated prices. Supply tightness stemming from logistical constraints in India and the Middle East, coupled with a modest uptick in demand from Gulf countries and China, has persisted in providing support, although purchasing behavior remains sensitive to price fluctuations.

Nevertheless, the potential for further gains seems limited due to ample current inventories and lackluster export performance. It is estimated that farmers are currently holding approximately 20 lakh bags, with only 3–4 lakh bags expected to be traded before the end of the season. This suggests a significant carry-forward stock of nearly 16 lakh bags. Current season production is projected to decline to 90–92 lakh bags, compared to last year’s 1.10 crore bags, indicating a decrease in sowing activities. Export performance continues to exhibit weakness, as shipments from April to October 2025 have declined by more than 13% compared to the previous year. Spot prices in Unjha experienced a slight decline of 0.04%, settling at Rs 22,007.35.

From a technical perspective, the market is experiencing short covering, evidenced by a 7.02% decline in open interest alongside a price increase of Rs 150. Jeera exhibits immediate support at Rs 21,250, with additional downside potential around Rs 20,810. On the upside, resistance is observed at Rs 21,990, and a sustained movement above this threshold could challenge Rs 22,290.