Jeera increased by 0.4% to close at Rs 22,345, bolstered by reduced sowing and apprehensions regarding crop risks. In Gujarat, the area under cultivation has decreased by 14.34% year-on-year, totaling 4.08 lakh hectares, which signifies one of the most sluggish sowing seasons observed in recent years. National production for 2026 is projected to be between 90 and 92 lakh bags, a significant decline from last year’s figure of 1.10 crore bags. Gujarat is anticipated to contribute 42 to 45 lakh bags, while Rajasthan is expected to produce 48 to 50 lakh bags.
Aphid infestations have been reported in parts of Rajasthan, contributing to concerns regarding supply disruptions. Concurrently, upward momentum appears constrained as fresh crop supplies have commenced in certain mandis and are anticipated to increase from March onward. Current inventories are viewed as adequate, while export demand continues to be lackluster, notwithstanding some purchasing interest from Gulf nations and China.
From April to November 2025, exports experienced a decline of 10.3% compared to the previous year, despite November shipments indicating a recovery relative to the same month last year. Farmers continue to retain approximately 20 lakh bags, indicating a substantial carry-forward stock is probable. Geopolitical disruptions in Syria, Turkey, and Afghanistan have constrained global supply, yet international demand for Indian cumin continues to exhibit price sensitivity. In Unjha, spot prices experienced a minor decline, settling at Rs 22,453.
From a technical perspective, the market is experiencing short covering, evidenced by a 4.85% decline in open interest. Support is identified at Rs 21,950 and Rs 21,550, whereas resistance is observed at Rs 22,620 and Rs 22,890.