Turmeric concluded yesterday’s trading session with a decline of 1.1%, settling at Rs 12,282. This downturn can be attributed to increased acreage, which has dampened market sentiment, although it is worth noting that favorable rains during the current sowing season have provided some support. Preliminary estimates indicate that turmeric acreage may increase by 15–20% for the 2024–25 period, with the total area under cultivation reported at 3.30 lakh hectares, reflecting a 10% rise from last year’s 3 lakh hectares.

Nevertheless, the downside pressure appears constrained, as recent substantial rainfall in critical agricultural regions, such as Nanded, has adversely affected approximately 15% of the crop, heightening apprehensions regarding yield forecasts. The IMD’s projection of normal to below-normal rainfall in certain regions of South India introduces an element of uncertainty for agricultural producers. On the supply side, turmeric stocks held by farmers in Warangal are nearly depleted, with no new arrivals reported for the past two days. In contrast, fresh arrivals in Duggirala continue to attract a premium over older stock, attributed to their superior quality.

Market activity continues to exhibit robustness, with daily arrivals fluctuating between 1,000 and 1,200 bags, and approximately 50 to 55 percent of the new crop already transacted. In the context of trade, exports for the period of April to July 2025 experienced a year-on-year increase of 2.29%, reaching 63,020.23 tonnes compared to 61,609.83 tonnes in the previous year. However, shipments in July saw a slight decline of 0.27% year-on-year, totaling 15,070.67 tonnes. Nonetheless, monthly exports increased by 9.31% relative to June, reflecting robust international demand.

From a technical perspective, the market is experiencing long liquidation, evidenced by a decline in open interest of -5.65% to 13,440, alongside a price decrease of Rs 136. Turmeric is currently experiencing support at Rs 12,102, with potential testing of lower levels at Rs 11,922 if this support fails. Resistance is identified at Rs 12,460, and a breach above this level could lead to prices advancing toward Rs 12,638.