Jeera prices experienced an increase of 1.72% yesterday, closing at Rs 24,275. This rise is attributed to weather-related challenges and delays in sowing, which have sustained a robust market sentiment. Gujarat, the principal producing state, is experiencing one of the most sluggish sowing seasons in recent years, as fields remain unprepared. Sowing has been reported at 3.98 lakh hectares, reflecting a decline of 16.31% compared to the previous year.

Arrivals at Unjha, the benchmark spot market, continue to be notably low, with premium-quality cumin commanding elevated prices. Supply tightness is additionally reinforced by logistical disruptions and unfavorable weather conditions throughout India and certain regions of the Middle East. Nevertheless, the potential for price increases seems constrained by ample current inventories and weak export demand. While there has been a slight uptick in export inquiries from Gulf nations and China, purchasing decisions continue to be significantly influenced by price sensitivity.

The conclusion of the retail season, coupled with ongoing inactivity from international buyers, has resulted in a subdued overall demand, as current export commitments are predominantly satisfied by existing inventories. It is estimated that farmers are currently holding approximately 20 lakh bags, with nearly 16 lakh bags expected to be carried forward into the subsequent season. Current season production is projected to be lower at 90–92 lakh bags, compared to 1.10 crore bags in the previous year, indicative of a decline in sowing activities.

From a technical perspective, the market is experiencing renewed buying activity, evidenced by a 2.47% increase in open interest in conjunction with a price gain of Rs 410. Support is identified at Rs 23,770, beneath which prices might approach Rs 23,250, whereas resistance is established at Rs 24,740; a breakout could pave the way towards Rs 25,190.