Jeera futures have fallen by 1.59% to settle at ₹20,725, mainly due to subdued domestic buying and weak export demand. The decline comes as the retail season draws to a close and overseas buyers remain inactive.
Arrivals in major mandis have increased to 32,900 bags, indicating ample supply. Despite concerns about weather-related sowing delays in Gujarat and Rajasthan, crop conditions have improved, and the current season’s production is expected to be on par with last year.
Exports rose by 62.55% to 195,164.58 tonnes between April and February 2025, but monthly trends show a slowdown. Imports have plummeted by 93.70%, reflecting strong domestic availability and reduced import dependency.
Stockpiles also weigh on market sentiment, with farmers holding around 20 lakh bags, with only 3-4 lakh expected to be traded by season’s end.
