Turmeric prices experienced a notable increase of 5.45%, reaching Rs 14,664 yesterday. This rise is attributed to concerns regarding crop damage in key agricultural areas such as Maharashtra, Andhra Pradesh, and Karnataka. Excessive rainfall in these states, along with ongoing showers in Erode, has resulted in disease outbreaks and heightened concerns regarding crop preservation due to elevated humidity levels.

In Nanded, approximately 15% of the turmeric cultivation area has been impacted by significant rainfall, raising concerns regarding supply. Nonetheless, the potential for upside appears limited in light of reports indicating an increase in acreage for the 2024–25 season, now at 3.30 lakh hectares — approximately 10% above the prior year — with forecasts suggesting an additional 15–20% growth in sowing driven by favorable conditions.

Market sentiment was bolstered by low inflows, nearly exhausted farmer stocks in Warangal, and consistent trade activity at significant mandis like Duggirala, where robust buyer demand for new-crop produce has been noted, resulting in elevated prices. Daily arrivals in Duggirala fluctuate between 1,000 and 1,200 bags, with approximately 50 to 55 percent of the new crop having been traded thus far. In terms of exports, shipments from April to July 2025 increased by 2.29% to 63,020 tonnes relative to the corresponding period last year, with July exports experiencing a month-on-month rise of 9.31%.

The market experienced new buying activity, as evidenced by a 3.17% increase in open interest, reaching 12,210 contracts. Turmeric currently exhibits support levels at Rs 14,196 and Rs 13,728, with resistance identified at Rs 14,926 and Rs 15,188.