Turmeric yesterday concluded the trading session with a decline of -2.08% at Rs 12,026, influenced by anticipations of increased acreage this season due to favorable rainfall conditions. Nonetheless, the adverse impact was constrained, as recent substantial rainfall inflicted harm on existing crops in key agricultural areas, notably in Nanded, where around 15% of the cultivated land experienced damage.

The forecast indicating normal to below-normal rainfall in September for certain regions of South India has elicited apprehensions among turmeric cultivators. Farmers in Warangal are experiencing a significant depletion of turmeric stocks, as there have been no new arrivals in the last two days, which is contributing to a stability in prices. Current dry weather conditions on the production front facilitate timely planting, with preliminary estimates suggesting a potential increase in turmeric acreage of 15-20%, as alternative crop options present lower profitability. In the 2024-25 season, turmeric cultivation expanded to 3.30 lakh hectares, reflecting a 10% increase compared to the prior season.

At Duggirala, the influx of fresh crop arrivals persists in drawing robust buyer interest, as new stock commands elevated prices owing to its superior quality. Market activity continues to exhibit strength, with daily trade volumes ranging from 1,000 to 1,200 bags, and around 50 to 55% of the new crop having been traded thus far. During the period from April to July 2025, turmeric exports experienced an increase of 2.29%, reaching a total of 63,020.23 tonnes in comparison to the corresponding period of the previous year.

From a technical perspective, the market is experiencing long liquidation, evidenced by a decline in open interest of 12.43%, bringing it down to 11,770. Turmeric is currently finding support at Rs 11,784, with a potential further test of Rs 11,542 on the horizon. Resistance is identified at Rs 12,314, and a sustained move above this level could lead to prices approaching Rs 12,602.