NCDEX Live Updates

Jeera prices increased by 0.94% to close at Rs 20,965, bolstered by a reduction in the availability of premium quality seeds and a resurgence in demand from export markets. Demand from buyers in Europe and North America has shown improvement, especially for residue-compliant and high-specification lots. Concurrently, large industrial processors have begun to replenish inventories at the prevailing price levels. Market sentiment was bolstered by reports of thunderstorms and hailstorms in Rajasthan, which adversely affected segments of the standing crop during the harvest phase, thereby heightening concerns regarding the availability of high-quality “A-grade” produce.

Unseasonal rainfall in North-West India has further postponed drying and processing activities, resulting in temporary supply disruptions. However, gains remained constrained owing to heightened influxes of the new crop from principal producing areas. Favourable weather conditions allowed farmers to expedite the harvesting process, leading to a significant rise in market arrivals instead of a staggered supply pattern. Farmers are actively liquidating stocks to generate funds for the upcoming Kharif sowing season, contributing to consistent selling pressure.

Daily arrivals at Unjha mandi have settled at approximately 28,500 bags, maintaining a comfortable overall supply in light of apprehensions surrounding the availability of premium-grade products. Fundamentally, production prospects are currently diminished compared to the previous year. Industry estimates suggest national jeera production could decline to 90–92 lakh bags from 1.10 crore bags last season. Due to reduced acreage and lower yields, Gujarat’s production is predicted to drop by over 27%. Additionally, crop quality has been impacted by disease outbreaks in important agricultural regions. Globally, adverse weather conditions have also reduced production estimates in China, Syria, Turkey, and Afghanistan.

Export data showed India’s jeera exports declined 18% year-on-year in April 2026, although strong growth in shipments to Morocco, the United States, Mexico, and Brazil partially offset weaker demand from the UAE. Technically, the market is witnessing short covering, with open interest declining 3.54% to 9,399 contracts while prices moved higher. Immediate support is seen at Rs 20,780, followed by Rs 20,590. Resistance is positioned at Rs 21,090, and a sustained movement above this threshold could lead to further gains towards Rs 21,210.