Unjha, Gujarat – March 9, 2025:
Jeera (Cumin) prices continued their upward trend in Unjha mandi, supported by rising export demand, low mandi arrivals, and tightening NCDEX warehouse stocks. The spice market is showing strong momentum, keeping traders optimistic about further price hikes in both spot and futures markets.
Traders reported that buyers from Gulf and Southeast Asia are aggressively sourcing Jeera ahead of the Ramadan season, further fueling the price rally.
“There’s visible supply pressure, but demand is solid. Farmers are holding back stock, expecting better rates,” said a Unjha-based trader.
📊 Unjha Jeera Mandi Price Today:
- Average Price: ₹26,800 – ₹28,000/quintal
- Highest Quality Jeera: ₹28,200/quintal
- Arrivals Today: 5,800 bags (down from 7,200 yesterday)
- Estimated Mandi Stock Left: 2 lakh bags approx.
📈 Jeera Futures Price Update (NCDEX – JEERAUNJHA1):
- Latest Futures Price (TradingView): ₹20,865 per 100 kg
- Previous Close: ₹20,720
- Price Movement: Uptrend continues, with higher support holding strong.
🔍 Jeera NCDEX Warehouse Stock Position:
- Total Stock (as of March 9): 5,950 MT (declining week-on-week)
- Stock last month: Over 7,000 MT
- Trend: Falling stock is adding bullish sentiment in futures market.
💹 Jeera Futures Technical Trade Setup:
| Parameter | Level |
|---|---|
| Support | ₹20,600 |
| Resistance | ₹21,500 |
| Buy Zone | ₹20,800 – ₹20,900 |
| Target 1 | ₹21,200 |
| Target 2 | ₹21,500 |
| Stop Loss | ₹20,500 |
Trading View: RSI is hovering near 62, showing strength in momentum. MACD remains positive, indicating a bullish bias. A breakout above ₹21,200 could trigger further rally in April contracts.
🔮 Market Outlook:
- If arrivals continue to remain low, and NCDEX stocks drop further, prices may test ₹21,500–₹22,000 levels in the short term.
- Export orders and weather conditions in Gujarat-Rajasthan will be key price drivers.
Disclaimer: Commodity market investments are subject to market risks. Please do your own research or consult your financial advisor.
