Jeera prices experienced a decline of 0.76%, settling at Rs 19,050, as the influx of the new crop from key producing regions exerted pressure on market sentiment. Recent inflows from major Rajasthan markets have increased due to favourable harvesting conditions, alleviating previous worries about supply constraints. Farmers have been actively liquidating their stock holdings to secure liquidity for the forthcoming Kharif sowing season, leading to consistent selling pressure in physical markets. Daily arrivals at Unjha mandi sustained a high level of approximately 28,500 bags, resulting in a notable supply surplus that constrained price recovery. Despite the recent decline, downside pressure remained constrained due to apprehensions regarding crop quality and diminished overall production.

Unseasonal thunderstorms, hailstorms, and rainfall in Rajasthan have impacted crops at the harvesting stage, leading to apprehensions regarding the diminished supply of premium-grade jeera. Delays in drying and processing activities, attributable to adverse weather conditions, resulted in temporary disruptions in supply. Market participants observed that the supply of high-quality Sortex-grade carryover stocks is diminished compared to the previous year, contributing to sustained premium valuations for superior quality produce. Fundamentally, production estimates persist in reinforcing the medium-term outlook. Industry estimates indicate that total domestic jeera production is likely to decrease to approximately 90-92 lakh bags this season, down from 1.10 crore bags in the previous year.

Gujarat’s production is estimated to be between 42 and 45 lakh bags, whereas Rajasthan’s output is projected to range from 48 to 50 lakh bags. Furthermore, reduced production forecasts from China, attributed to adverse weather conditions, are anticipated to constrict global supplies and bolster export competitiveness in the forthcoming months. Export performance exhibited a varied landscape throughout March 2026. Jeera exports experienced a year-on-year decline of 15.54%, totalling 14,642.73 tonnes. This downturn can be attributed to diminished global demand and heightened competition from alternative sources.

However, exports improved 17.64% on a monthly basis, indicating a gradual recovery in international buying interest. Technically, the market is experiencing long liquidation, evidenced by a 6.08% decrease in open interest to 9,402 contracts, coinciding with a decline in prices. Jeera exhibits immediate support at Rs 18,890, with additional downside support positioned at Rs 18,710. On the upside, resistance is observed at Rs 19,270, and a movement beyond this threshold could propel prices toward Rs 19,470.