Jeera futures fell by 1.85% to close at ₹19,880 due to sluggish domestic and export demand, rising arrivals in key mandis, and subdued export demand. Total mandi arrivals increased to 32,900 bags, creating supply-side pressure.
Export demand remains subdued, with current requirements being met from existing inventories. Production for the current season is expected to match last year’s levels due to improved crop conditions and good sowing practices.
Farmers are holding around 20 lakh bags, with only 3-4 lakh likely to be traded by season’s end. Despite the price softness, jeera exports increased by 39.63% in FY2024- 25 to 212,502 tonnes. March exports declined 46% year-on-year but grew over February by 33.4%, reflecting seasonal volatility.
