NCDEX Live Updates

Jeera prices increased by 1.58%, closing at Rs 19,620, driven by a reduction in the availability of premium-quality stocks and a resurgence in export demand from significant international markets. Buyers from Europe and North America have re-entered the market, concentrating mainly on residue-compliant and high-specification cumin lots. Furthermore, significant industrial processors have ramped up their procurement efforts to restock inventories at appealing price points, thereby bolstering market sentiment. Concerns related to supply dynamics have also played a role in the increase in prices. Recent thunderstorms and hailstorms in Rajasthan have reportedly caused damage to portions of the standing crop during the harvest period, raising concerns about the potential reduction in the availability of high-grade produce.

Unseasonal rainfall in North-West India has led to delays in drying and processing activities, resulting in temporary supply disruptions. While overall stock availability remains comfortable, market participants observed that the proportion of premium “Sortex” grade carryover stocks is considerably lower than last year, which is contributing to stronger prices for quality material. However, gains remained limited by rising arrivals from significant producing regions. Enhanced weather conditions facilitated quicker harvesting in Rajasthan and Gujarat, leading to increased daily arrivals instead of the previously expected staggered flow. Farmers are strategically offloading stocks to enhance liquidity in anticipation of the Kharif sowing season. Meanwhile, arrivals at Unjha mandi have stabilised at approximately 28,500 bags per day, contributing to sustained supply pressure.

Production estimates persist in suggesting a reduced crop for this season. National jeera production is projected to be approximately 90–92 lakh bags, a decline from last year’s 1.10 crore bags. This decrease is attributed to lower acreage and diminished yields, especially in Gujarat. Reports of blight disease in key producing areas have further affected crop quality and output. Market participants are closely observing the potential rise in Chinese buying interest, which may offer further support to export demand. Export data revealed a variety of trends. In March 2026, exports experienced a year-on-year decline of 15.54%, totalling 14,642.73 tonnes.

However, there was a notable improvement of 17.64% in shipments compared to February, suggesting an increase in inquiry levels. Cumulative exports during April 2025–March 2026 decreased by 14.74% compared to the previous year. Technically, the market is experiencing new buying activity, as open interest has increased by 8.97% to 6,996 contracts alongside a rise in prices. Jeera has immediate support at Rs 19,340, followed by Rs 19,070. Resistance is identified at Rs 19,790, and a breakthrough above this threshold may lead to further increases towards Rs 19,970.