Jeera futures settled at 20,115, boosted by export inquiries and easing geopolitical tensions. Indian farmers hold around 20 lakh bags of cumin, with only 3-4 lakh expected to be traded by season-end.
India’s cumin production is estimated at 90-92 lakh bags, lower than last year’s 1.10 crore bags. Production in Gujarat and Rajasthan is pegged at 42-45 lakh bags and 48-50 lakh bags, respectively.
International supply prospects are mixed, with China’s production estimated at 1 lakh tonnes, Syria’s crop at 9-10 thousand tonnes, Turkey at 10-11 thousand tonnes, and Afghanistan at 10-12 thousand tonnes.
