Turmeric prices concluded the trading session with a modest increase of 0.2%, reaching Rs 12100. This uptick can be attributed to recent substantial rainfall in key agricultural areas, notably Nanded, which has adversely affected approximately 15% of the existing crop, thereby providing upward pressure on prices.

Weather developments continue to be a significant factor, as the IMD predicts normal to below-normal rainfall in certain regions of South India throughout September, which raises apprehensions among growers. Nonetheless, the potential for growth appears limited as beneficial rainfall during the sowing season is anticipated to increase turmeric acreage by 15–20% for 2024–25, with the area expanding to 3.30 lakh hectares from 3 lakh hectares the previous year.

On the supply front, turmeric stocks in Warangal are approaching depletion, with fresh arrivals having ceased over the past two days. At the Duggirala market, the influx of new crop arrivals is sustaining robust buyer demand, leading to consistently elevated prices compared to older stock, attributable to their superior quality. Approximately 50–55% of the fresh crop has already been traded, and consistent inflows are anticipated to sustain robust market activity through June. During the period of April to June 2025, exports experienced a year-on-year increase of 3.12%, totaling 47,949.56 tonnes. However, June saw a decline in exports, dropping 7.93% year-on-year and a significant 28.21% month-on-month, indicative of demand variability. In the Nizamabad spot market, prices declined by 0.38%, settling at 12,916.3 rupees.

From a technical perspective, the market is experiencing short covering, evidenced by a 0.63% decline in open interest to 16,480, while prices have increased by Rs 24. Support is identified at Rs 12032; a decline below this level may lead to a test of Rs 11962. Conversely, resistance stands at 12160, and a breakout above this threshold could propel prices towards Rs 12218.