Turmeric yesterday concluded the trading session with a decline of 0.43% at Rs 11,974, influenced by an expansion in acreage due to favorable monsoon conditions observed this season. Preliminary estimates suggest an increase in turmeric acreage by 15–20% for the 2024-25 period, with the sown area reported at 3.30 lakh hectares, reflecting a 10% rise from the previous year’s 3 lakh hectares. Nonetheless, the downside was limited as recent substantial rainfall in critical agricultural regions, especially in Nanded, adversely affected nearly 15% of existing crops, heightening apprehensions regarding supply.

Weather uncertainties continue to capture attention as the IMD predicts normal to below-normal rainfall in various regions of South India for September. On the supply side, turmeric stocks held by farmers in Warangal are approaching depletion, with recent limited arrivals contributing to price support. At the Duggirala market, fresh arrivals are attracting robust buying interest, as new crops are commanding premiums over older stocks owing to their superior quality.

Trading volumes persist at a robust 1,000–1,200 bags per day, with approximately 50–55% of the new crop already transacted, while arrivals are anticipated to extend into June. In the period from April to July 2025, exports experienced a year-on-year increase of 2.29%, reaching a total of 63,020 tonnes. In July, shipments experienced a slight decline of 0.27% year-over-year, yet they increased by 9.31% relative to June, indicating consistent demand from international markets.

From a technical perspective, the market is experiencing long liquidation, evidenced by a 6.24% decline in open interest, which now stands at 11,035. Prices declined by Rs 52, establishing immediate support at Rs 11,880, beneath which the Rs 11,786 level may be examined. Resistance is currently identified at Rs 12,104, and a breakout above this level may propel prices toward Rs 12,234.