Jeera prices have rebounded by 1.9% to 19,610 per quintal, driven by short covering after weak post-retail season demand. Traders reported subdued momentum in both domestic and export markets, with foreign buyers remaining largely inactive.
Market sentiment remains cautious due to ample supplies and sluggish export activity. Farmers hold around 20 lakh bags, with only 3-4 lakh expected to be traded before season-end.
Production estimates for the current season are in line with last year, supported by favorable sowing and healthy crop conditions. Despite geopolitical tensions in other jeera-producing nations, Indian jeera exports have yet to gain strong traction.
In April 2025, 19,719.60 tonnes of jeera were shipped, down 48.11% YoY but up 13.74% MoM from March 2025. Imports dropped by 37.9% YoY and 40% MoM, indicating reduced foreign inflow.
