NCDEX Live Updates

Jeera prices concluded the trading session with a decline of 1.66% at Rs 20,145, influenced by the influx of fresh crop arrivals from key producing regions in Rajasthan, which has alleviated previous apprehensions regarding supply constraints. Favorable weather conditions across North-West India facilitated a more rapid completion of harvesting activities by farmers than initially anticipated, leading to a significant surge in market arrivals instead of a staggered supply flow. Farmers maintained a vigorous pace of stock liquidation to enhance liquidity in preparation for the forthcoming Kharif sowing season, thereby contributing to persistent selling pressure in spot markets. Daily arrivals at the Unjha mandi persisted at approximately 28,500 bags, resulting in a notable supply surplus that exerted downward pressure on prices.

Nonetheless, the downside was constrained by apprehensions surrounding crop quality and diminished overall production forecasts. Recent thunderstorms and hailstorms in Rajasthan have adversely affected standing crops at the harvesting stage, heightening concerns regarding the diminished availability of premium “A-grade” jeera. Unseasonal rainfall in North-West India has led to delays in drying and processing activities, resulting in a temporary disruption of the supply chain. Market participants observed that although overall stocks are accessible, the volume of premium “Sortex” quality carry-forward stock is diminished compared to the previous year, thereby underpinning elevated prices for higher grades.

Production estimates persist at levels below those of the previous season. Industry estimates indicate that total jeera production in India is projected to decrease to 90–92 lakh bags this year, down from 1.10 crore bags in the previous year. Production in Gujarat is estimated to be between 42 and 45 lakh bags, whereas output in Rajasthan is projected to range from 48 to 50 lakh bags. Decreased acreage, diminished yields, and outbreaks of blight disease in Gujarat have adversely affected both quality and production. Export data indicated a decline, as jeera exports from April to February 2026 decreased by 15% year-on-year, totaling 166,536 tonnes.

From a technical perspective, the market is experiencing renewed selling pressure, evidenced by a 13.1% rise in open interest, which has reached 6,087 lots, alongside a price decrease of Rs 340. Jeera is experiencing support at Rs 20,040, with potential further declines toward Rs 19,920. Resistance is identified at Rs 20,340, and an upward movement beyond this threshold may drive prices toward Rs 20,520.