NCDEX Live Updates

Jeera prices increased by 0.39% to close at Rs 20,770, bolstered by a reduction in the availability of premium-quality produce and a resurgence in export demand from significant international markets. Buyers from Europe and North America have re-entered the market, with a particular emphasis on residue-compliant and high-specification lots. Furthermore, substantial industrial processors have progressively augmented their procurement at prevailing price levels to restock inventories. Concerns regarding the quality of supply have surfaced following recent thunderstorms and hailstorms in Rajasthan, which have reportedly inflicted damage on standing crops during the harvest period. This has heightened apprehensions about a potential decrease in the availability of premium-grade cumin. Unseasonal rainfall in north-western India has further delayed drying and processing activities, resulting in temporary supply disruptions.

However, gains remained constrained due to increasing inflows from significant producing areas. Fresh crop arrivals from Rajasthan have surged notably as conducive weather conditions have allowed farmers to expedite the harvesting process beyond initial expectations. Daily arrivals at the Unjha mandi have reached a steady state of approximately 28,500 bags, resulting in sufficient market supplies. Farmers are actively liquidating stocks to generate cash for the forthcoming Kharif sowing activities, thereby sustaining selling pressure. While overall inventories remain comfortable, the availability of high-quality Sortex-grade carryover stocks is lower than last year, supporting premium pricing.

Fundamentally, production prospects are diminished relative to the prior season. Industry estimates indicate that total jeera production is projected to be around 90–92 lakh bags, a decrease from the approximately 1.10 crore bags recorded last year. Decreased acreage, diminished yields, and the prevalence of disease outbreaks in Gujarat have played a significant role in the observed decline. Internationally, adverse weather conditions have also led to a reduction in production estimates in China, thereby reinforcing the longer-term demand outlook. India’s jeera exports fell by 18% year-on-year to 16,254 tonnes in April 2026, primarily attributed to a significant decrease in shipments to the UAE.

Nevertheless, robust expansion in exports to Morocco, the United States, Mexico, and Brazil contributed to partially mitigating the downturn. Technically, the market is experiencing short covering, evidenced by a 1.01% decline in open interest alongside an increase in prices. Immediate support is observed at Rs 20,600, with additional support at Rs 20,420. Resistance is positioned at Rs 20,880, and a breakout above this threshold could propel prices toward Rs 20,980.