Turmeric prices experienced a significant decline of 6%, settling at Rs 14,420, largely due to substantial profit booking. This movement is attributed to reports indicating an expansion in acreage, spurred by favorable monsoon rains during the sowing season. The recent correction followed earlier gains, which were bolstered by apprehensions regarding crop damage in Maharashtra, Andhra Pradesh, and Karnataka, where excessive rainfall has adversely impacted yields.

In Erode, persistent rainfall has resulted in disease outbreaks in specific regions, as elevated humidity adversely affects storage conditions. Furthermore, the recent significant rainfall in Nanded has resulted in approximately 15% damage to the standing crop, thereby exacerbating the constraints on near-term supplies. Despite a brief period of weakness, the underlying fundamentals continue to be favorable, as turmeric stocks held by farmers in Warangal are nearly depleted, and arrivals have been constrained in recent days.

Meanwhile, dry weather in several growing belts is facilitating timely sowing, with acreage for 2024–25 projected to increase by 15–20%, reaching approximately 3.30 lakh hectares, up from 3 lakh hectares in the previous season. At the Duggirala market, robust demand for new crop arrivals persists, with fresh produce commanding a premium owing to its superior quality. During the period from April to August 2025, turmeric exports experienced an increase of 3.31%, reaching a total of 80,156.56 tonnes, indicative of consistent demand in international markets.

From a technical perspective, the market is experiencing long liquidation, evidenced by a 3.78% decline in open interest to 11,700, alongside a price decrease of Rs 920. Turmeric encounters support levels at Rs 14,112 and Rs 13,806, with resistance identified at Rs 15,032 and Rs 15,646.