Jeera settled 0.34% lower at Rs 20,655 as aggressive farmer selling ahead of Kharif sowing increased near-term availability and pressured prices. Favourable weather conditions in Northwest India facilitated quicker harvesting and drying processes, leading to an increase in arrivals. Concurrently, the rise in NCDEX warehouse stocks diminished the necessity for immediate spot procurement. Large industrial spice grinders exhibited a prudent approach toward bulk purchases, opting to bide their time in anticipation of more favourable pricing. Meanwhile, domestic processors and stockists persisted with a hand-to-mouth purchasing strategy. However, the downside remained constrained by the tightening availability of premium-quality bold seeds, as arrivals at major markets such as Unjha and Rajasthan began to decline.
Blight outbreaks in critical regions of Gujarat have adversely impacted both crop quality and the quantities available for harvest. Current estimates indicate that India’s cumin production is projected to be between 90 and 92 lakh bags, a decline from the previous year’s figure of 1.10 crore bags. The production in Gujarat is anticipated to be around 42 to 45 lakh bags, while Rajasthan’s output is estimated at 48 to 50 lakh bags. Overseas production is also shrouded in uncertainty, as China’s crop is projected to be between 70,000 and 80,000 tonnes due to unfavourable weather conditions. Meanwhile, Syria, Turkey, and Afghanistan are anticipated to yield approximately 9,000 to 10,000 tonnes, 10,000 to 11,000 tonnes, and 10,000 to 12,000 tonnes, respectively.
Export demand continues to exhibit weakness, as evidenced by India’s jeera exports, which have decreased by 34% year-on-year to 10,713 tonnes in June 2026. Furthermore, exports for the April-June period have contracted by 25%, totalling 44,144 tonnes. However, shipments to Singapore, Oman, and Argentina exhibited robust growth, offering selective support. European and North American buyers have also re-entered the market for residue-compliant and high-specification lots, despite ongoing geopolitical tensions in the Middle East that are impacting logistics and demand.
In Unjha, spot prices concluded at Rs 20,515.90, reflecting a decrease of 0.15%. Technically, jeera is experiencing fresh selling, evidenced by an 18.83% increase in open interest to 8,520 contracts, alongside a price decline of Rs 70. Support is positioned at Rs 20,580, and a breach beneath this threshold may reveal Rs 20,490. On the upside, resistance is observed at Rs 20,810, and a sustained move above this threshold could propel prices toward Rs 20,950.