Turmeric yesterday settled up by 1.06% at Rs 12,794, buoyed by weather-related concerns and robust demand in the context of constrained stock availability. Recent heavy rainfall in Nanded has adversely affected around 15% of standing crops, leading to supply constraints in key agricultural areas. The potential for significant gains appears limited as a result of expanded acreage in the ongoing sowing season; however, the market is bolstered by reduced arrivals and a prudent approach to selling.

The IMD’s projections indicating normal to below-normal rainfall in September across certain regions of South India have intensified the uncertainty faced by agricultural producers. Current dry weather conditions are conducive to timely planting, with preliminary estimates suggesting a potential increase in turmeric acreage of 15–20% this season, as alternative crops present diminished profitability. The 2024–25 season saw turmeric acreage reach 3.30 lakh hectares, reflecting a 10% increase compared to the prior year. At Duggirala, the influx of fresh crop arrivals is attracting significant buyer interest, as the new produce commands a premium over older stock owing to its superior quality.

During the period from April to July 2025, turmeric exports experienced an increase of 2.29%, reaching a total of 63,020.23 tonnes, up from 61,609.83 tonnes in the corresponding timeframe of the previous year. In July, exports totaled 15,070.67 tonnes, reflecting a minor decline of 0.27% year-over-year, while showing an increase of 9.31% month-over-month compared to June 2025.

From a technical perspective, the market is experiencing renewed buying activity, evidenced by a 4.62% increase in open interest, which settled at 9,280, alongside a price increase of Rs 134. Turmeric is currently finding support at Rs 12,614, with potential further decline towards Rs 12,432 if this level is breached. Resistance is anticipated at Rs 12,978, and a sustained movement above this level may challenge Rs 13,160.