Turmeric prices experienced an increase of 0.6% yesterday, closing at Rs 12,452. This rise is attributed to recent rainfall that has adversely impacted standing crops in key producing areas, especially in Nanded, where approximately 15% of the crop area has been affected. While there has been upward movement, the gains have been limited as a result of expanded acreage, attributed to beneficial rainfall in the ongoing sowing season.

The IMD’s projection of normal to below-normal rainfall across certain regions of South India has sparked supply apprehensions. Meanwhile, dwindling stocks held by farmers in Warangal, coupled with restricted arrivals, are contributing to price stability. In the production landscape, favorable dry weather conditions have facilitated timely planting. Preliminary estimates indicate a potential increase of 15–20% in turmeric acreage, as farmers are opting for this crop due to its higher returns compared to alternatives. The area dedicated to turmeric for the 2024–25 season has increased to 3.30 lakh hectares, reflecting a 10% rise compared to the previous season.

In the Duggirala market, robust buyer interest persists, as new arrivals command elevated prices attributed to their exceptional quality. During the period from April to July 2025, turmeric exports experienced an increase of 2.29%, reaching a total of 63,020 tonnes, compared to 61,610 tonnes in the same timeframe the previous year.  Notably, exports in July saw a rise of 9.31% compared to June. In Nizamabad, spot prices experienced a decline of 0.41%, settling at 12,664.8.

The market is experiencing new buying activity, with open interest increasing by 8.27% to reach 8,645. Support levels are identified at Rs 12,356 and further down at Rs 12,262. Resistance is anticipated at Rs 12,560, with a potential upward movement leading to Rs 12,670.