Turmeric yesterday concluded the trading session with a decline of -0.48% at Rs 12,314, indicative of the prevailing mixed dynamics within the market. The expansion of acreage, attributed to beneficial rainfall in the ongoing sowing season, exerted downward pressure on prices. However, this decline was mitigated by the adverse effects of recent heavy rainfall, which inflicted damage on standing crops in critical agricultural areas. In Nanded, around 15% of the turmeric crop area has been impacted, prompting concerns among farmers.

The IMD’s projection of normal to below-normal rainfall in certain regions of South India for September introduces additional uncertainty. Meanwhile, the inventory of stocks held by farmers in Warangal has nearly been exhausted, with no new arrivals recorded over the past two days, thereby reinforcing market stability. On the production front, favorable dry weather is facilitating timely planting, with preliminary estimates indicating a 15–20% increase in turmeric acreage as alternative crops yield lower profitability. In the 2024–25 season, turmeric acreage reached 3.30 lakh hectares, reflecting a 10% increase compared to the prior season.

In the Duggirala market, the influx of fresh crop arrivals is generating robust buyer interest, as new produce commands elevated prices attributed to its superior quality. During the period from April to July 2025, turmeric exports experienced an increase of 2.29%, reaching a total of 63,020.23 tonnes compared to 61,609.83 tonnes in the previous year. In July, exports totaled 15,070.67 tonnes, reflecting a minor decline compared to July 2024, yet demonstrating an increase of 9.31% relative to June 2025.

From a technical perspective, the market is experiencing long liquidation, as evidenced by a decrease in open interest of 0.3%, bringing it to 14,850 contracts. Turmeric is currently experiencing support at Rs 12,246, with the possibility of further declines testing the level of Rs 12,180, while resistance is identified at Rs 12,384. A persistent advance beyond this threshold may result in prices approaching Rs 12,456.