Jeera Report as On 26th May 2026 by Amit Gupta- Kedia Advisory
* Jeera prices declined nearly 6% monthly amid aggressive fresh selling and increased physical market arrivals.
* In May, OI has gained over 15.61% from April, in fact the highest in last 1 year of 12,528 lots while prices dropped 3.82% indicating Fresh Selling.
* Jeera arrivals during January-March 2026 increased above 9%, pressuring domestic market prices significantly lower.
* NCDEX jeera warehouse stocks rose nearly 9% monthly, reflecting improved exchange-level physical market availability.
* Jeera exports during Apr-Mar 2026 declined 15%, indicating weaker overseas demand from major importing countries.
* UAE demand weakened during Middle East tensions, while China largely remained absent from Indian jeera markets.
* Extreme temperatures above 42°C triggered concerns over storage losses, forcing quicker farmer selling activity recently.
* Farmers fearing additional price declines accelerated jeera arrivals into mandis, increasing immediate market supply pressure.
* Higher carryover stocks reduced urgency among traders and processors for immediate bulk jeera procurement activities.
* Major spice companies maintained comfortable inventories, temporarily suspending aggressive procurement at prevailing market prices currently.
* Global economic slowdown concerns continued restricting overall international spice demand and import activity levels significantly.
* China’s existing carryover stocks are expected meeting domestic demand until next harvest season arrives smoothly.
* Jeera spot (19,927) premium of 277 above futures (19,650) reflected tight immediate physical supplies across key domestic markets.
* Lower cultivated acreage and reduced yields may cut jeera output by 5–10% annually across producing states.
* Rupee weakness, falling to all time low below 96.80 enhances export competitiveness for Indian Jeera.
* Turkey and Syria’s lower production continued supporting India’s dominance in global jeera export supply markets.
* Deficit monsoon forecast and weaker crop prospects may trigger another strong jeera rally during upcoming season.
