Jeera prices experienced a decline of 0.48%, closing at Rs 20,830, as heightened selling by farmers in anticipation of the Kharif sowing season exerted pressure on market sentiment. Farmers persisted in liquidating stocks to generate cash flow, as favourable weather conditions in north-west India expedited the processes of harvesting, drying, and market arrivals. The consistent accumulation of NCDEX warehouse stocks has diminished the necessity for immediate procurement by traders. However, losses remained constrained as the availability of premium-quality bold seeds continued to diminish, bolstering demand for export-grade supplies. Market fundamentals exhibited a mixed performance.
Daily arrivals in significant markets like Unjha and Rajasthan have begun to decrease, while instances of blight disease in certain regions of Gujarat have impacted both the quality and availability of crops. Production estimates for the current season indicate a decline compared to last year, with total output anticipated to be in the range of 90–92 lakh bags, a decrease from the previous projection of 1.10 crore bags. Export demand exhibited variability as geopolitical tensions in the Middle East hindered logistics and purchasing activity, while anticipated Chinese purchases were slower and demonstrated greater price sensitivity than expected.
Simultaneously, buyers from Europe and North America persisted in their efforts to procure residue-compliant, high-quality lots. India’s jeera exports experienced an 18% year-on-year decrease, totalling 16,254 tonnes in April 2026, primarily attributed to a significant reduction in shipments to the UAE. However, robust demand from Morocco, the United States, Mexico, and Brazil provided some mitigation against this decline. Unjha spot prices experienced a decline of 0.31%, settling at Rs 20,519.05.
Technically, jeera is experiencing new selling pressure as open interest rose by 5.94% while prices fell, suggesting the establishment of new short positions. Immediate support is positioned at Rs 20,680, with subsequent support at Rs 20,520. Resistance levels are identified at Rs 21,090 and Rs 21,340. A decisive move beyond these levels is anticipated to establish the market’s subsequent short-term trajectory.