Turmeric experienced a significant increase of 5.99% yesterday, closing at Rs 13,560, driven by substantial crop damage resulting from heavy rainfall in critical growing areas. Reports suggest that approximately 15% of the turmeric crop has been impacted by excessive rainfall, thereby constraining supply sentiment within the market. Nonetheless, the potential for growth is limited as a result of expanded acreage bolstered by advantageous monsoon conditions.

The forecast indicating normal to below-normal rainfall in certain regions of South India for September has heightened apprehensions among growers. The stock levels among farmers in Warangal are approaching depletion, with no recent fresh arrivals noted. Concurrently, limited inflows and prudent selling practices are contributing to a sustained firmness in prices. On the production front, dry weather has facilitated timely planting, and preliminary data suggests a 15–20% increase in turmeric acreage for the 2024–25 season, totaling 3.30 lakh hectares compared with 3 lakh hectares last year.

Robust demand continues to characterize the Duggirala market, with new crop arrivals commanding higher prices compared to older stock, attributed to their enhanced quality. During the period from April to July 2025, turmeric exports experienced an increase of 2.29%, totaling 63,020.23 tonnes. Notably, exports in July saw a month-on-month growth of 9.31%, even though there was a slight annual decline of 0.27%.

From a technical perspective, the market is experiencing new buying activity, as evidenced by a 13.42% increase in open interest to 10,525 contracts, alongside a price increase of Rs 766. Support is identified at Rs 12,956, with a potential decline below this level testing Rs 12,350. Conversely, resistance is established between Rs 13,864 and Rs 14,166, indicating that sustained prices above current levels may reflect ongoing bullish momentum.