Turmeric yesterday settled higher by 0.84% at Rs 12,418, buoyed by reports of crop damage in key growing regions due to heavy rainfall. In Nanded, approximately 15% of the turmeric crop area experienced adverse effects, reinforcing market sentiment. Nonetheless, the potential for growth was limited by anticipations of expanded acreage this season, driven by advantageous sowing conditions and enhanced profitability relative to alternative crops.

Forecast indicating normal to below-normal September rainfall in certain regions of South India has sparked apprehensions among agricultural producers. Market supplies are constrained as turmeric stocks held by farmers in Warangal are almost depleted, with no new arrivals observed in recent days. On the production front, favorable dry weather is facilitating timely planting, with preliminary estimates indicating that acreage may increase by 15–20%. At Duggirala, the influx of new crop arrivals is sustaining robust buyer interest, consistently commanding higher prices compared to older stock, attributed to their superior quality.

Trading activity continues to exhibit strength, with daily volumes fluctuating between 1,000 and 1,200 bags, and approximately 50–55% of the total new crop having been traded thus far. In terms of exports, shipments from April to July 2025 increased by 2.29% to 63,020.23 tonnes relative to the corresponding period in the previous year. In July, exports reached 15,070.67 tonnes, showing little change compared to the previous year, yet reflecting a 9.31% increase from June. In Nizamabad, spot prices increased by 1.06% to 12,949.4.

From a technical perspective, the market is experiencing short covering, evidenced by a 4.07% decline in open interest, which now stands at 14,245 contracts. Support is established at Rs 12,246, with a breach below this level revealing potential movement towards Rs 12,072. Conversely, resistance is identified at Rs 12,692, beyond which prices could approach Rs 12,964.