NCDEX Live News

Jeera prices increased by 2.01%, closing at Rs 22,380, bolstered by anticipations of reduced production for the current season. Output is anticipated to decrease by approximately 5% to 5.13 lakh tonnes, primarily driven by a significant reduction in Gujarat attributed to diminished acreage and lower yields. Conversely, Rajasthan is expected to experience increased production, which may partially mitigate the overall decline.

Tight supply conditions, influenced by unpredictable weather patterns, reduced sowing activities, and disease threats like blight and aphid infestations, have underpinned price levels. Concurrently, logistical disruptions in major producing regions worldwide have exacerbated supply concerns. Nonetheless, the potential for growth appears limited as the influx of the new crop has commenced and is anticipated to rise consistently until March.

Demand trends exhibit a degree of variability. Despite robust buying interest in premium-quality cumin, the overall export demand remains subdued. During the period from April to December 2025, shipments experienced a year-on-year decline of 12.08%, indicative of subdued foreign demand coupled with ample existing inventory. Persistent geopolitical tensions have disrupted trade flows, thereby influencing export sentiment.

From a technical perspective, the market is experiencing new buying activity, as evidenced by a 12.05% increase in open interest to 6,609 lots, alongside a price increase of Rs 440. Immediate support is identified at Rs 22,050, with potential further decline toward Rs 21,720, while resistance stands at Rs 22,700; a breakout above this threshold may propel prices toward Rs 23,020.