Jeera prices experienced a decline of 1.1%, concluding at Rs 24,320. This movement can be attributed to profit booking, alongside a backdrop of ample supplies and lackluster export interest, as current overseas demand is being satisfied by existing inventories. Market sentiment exhibited a cautious demeanor, with traders identifying the conclusion of the retail season and persistent inactivity from foreign buyers as significant contributors to the observed decline. In Gujarat, the area under jeera sowing has reached 3,98,438 hectares, marking a decline of 16.31% compared to the previous year.
This reduction is indicative of delayed sowing and irregular rainfall patterns, which have complicated field preparation in various regions. Consequently, arrivals at Unjha, the pivotal spot market, continue to be subdued, with higher quality cumin fetching comparatively elevated prices. In light of subdued near-term demand, the potential for downside seems constrained, influenced by weather-related uncertainties and restricted arrivals.
It is estimated that farmers are in possession of approximately 20 lakh bags, yet only 3–4 lakh bags are anticipated to be traded by the conclusion of the season, resulting in significant 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. Export fundamentals exhibit a mixed landscape, as geopolitical disruptions in other producing nations have not resulted in robust purchasing activity from India. Furthermore, exports during the period of April to October 2025 have declined by more than 13% compared to the previous year.
From a technical perspective, the market is experiencing new selling pressure, as evidenced by a 0.41% increase in open interest coupled with a Rs 270 decrease in price. Jeera exhibits a support level at Rs 24,040, with potential for further decline towards Rs 23,770 if this level is breached. On the upside, resistance is observed at Rs 24,680, and a movement above this level could challenge Rs 25,050.