NCDEX Live Updates

Turmeric prices experienced a decrease of 2.23%, settling at Rs 14,706, attributed to profit booking and indications of expanded acreage due to favorable monsoon conditions during the sowing season. Nonetheless, the downside has been constrained, as yields in Maharashtra, Andhra Pradesh, and Karnataka have experienced adverse effects due to excessive rainfall, resulting in crop damage and disease outbreaks in certain regions, notably in Erode.

The elevated levels of humidity have complicated the preservation of turmeric, thereby exacerbating market apprehensions. Reports suggest that approximately 15% of the crop area has sustained damage as a result of heavy rainfall, whereas stocks in Warangal are nearly depleted, with no new arrivals observed in recent days. In spite of the seasonal pressures, buyer interest continues to be robust, particularly at the Duggirala market, where new crop arrivals are commanding premium prices attributable to their superior quality. Roughly 50–55% of the new crop has been traded thus far, with strong market activity anticipated to persist in the upcoming weeks.

In terms of production, the area dedicated to turmeric for the 2024–25 period has increased by approximately 10% to 3.30 lakh hectares, driven by more favorable returns relative to alternative crops. During the period from April to August 2025, turmeric exports experienced an increase of 3.31%, reaching a total of 80,156 tonnes, indicative of consistent demand from international markets.

From a technical perspective, the market is experiencing long liquidation, as evidenced by a 0.98% decline in open interest to 11,640 lots, accompanied by a price drop of Rs 336. Support is identified at Rs 14,524, beneath which prices could potentially decline to Rs 14,342. Conversely, resistance stands at Rs 14,964, with a breakthrough likely propelling prices towards Rs 15,222.