News Capsule: Jeera – Rises After Opening Lower
06-Nov-2025 05:19 PM
News Capsule: Jeera – Rises After Opening Lower
★ Jeera prices rose 0.24% to ₹20,500 per quintal, though export demand remains weak. Domestic supply is comfortable, and subdued international interest continues to keep pressure on prices. However, limited arrivals during the Diwali holidays prevented a sharper decline.
★ The recent reduction in GST on jeera to 5% is expected to support FMCG exports and boost domestic consumption in the coming months. Farmers are currently holding around 20 lakh bags of cumin, of which only 3–4 lakh bags are likely to be traded before the season ends, leaving an estimated carryover of about 16 lakh bags.
★ India’s cumin production for the current season is estimated at 90–92 lakh bags, lower than last year’s 1.10 crore bags, due to reduced sowing area. Production in Gujarat is estimated at 42–45 lakh bags, and in Rajasthan at 48–50 lakh bags.
★ Meanwhile, output in other producing nations such as China, Turkey, Syria, and Afghanistan remains limited due to adverse weather and geopolitical issues, but this has yet to translate into higher Indian exports. During April–August 2025, India’s jeera exports fell 17.02% to 85,977 tonnes compared to last year.
★ The market witnessed long liquidation, with open interest down 4.45% to 2,643 as prices fell by ₹155. Jeera now finds support at ₹20,020, and a break below this level could test ₹19,840. Resistance is seen at ₹20,430, and a move above may lift prices toward ₹20,660.
Important Disclaimer:
This report is for informational purposes only I-Grain India does not take any responsibility for profits or losses and does not promote any specific market movement (bullish or bearish). *Please make decisions based on your own judgment and understanding.