Turmeric yesterday settled lower by 1.10% at Rs 14,900, influenced by an expansion in acreage bolstered by favorable monsoon rains throughout the ongoing sowing season. Nonetheless, losses have been contained as excessive rainfall and humidity have negatively impacted yields and storage conditions in critical producing areas including Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu.

In Erode, significant precipitation resulted in disease outbreaks, whereas Nanded experienced approximately 15% crop damage, constraining near-term supply sentiment. Farmers in Warangal have nearly depleted their stock, with no new arrivals noted in recent sessions, thereby reinforcing price stability. In terms of production, the estimated turmeric acreage for the 2024–25 season stands at 3.30 lakh hectares, reflecting a 10% increase compared to the prior season. Although there has been an increase in acreage, weather-related damages and reduced yields in certain states could counterbalance some of the supply growth.

In Duggirala, robust demand persists for the new crop, with fresh arrivals commanding a premium due to their superior quality. Export demand remains robust—turmeric exports from April to August 2025 increased by 3.31% compared to the previous year, totaling 80,156.56 tonnes. In August, exports increased by 7.27% year-on-year and 13.71% month-on-month, indicating robust global demand.

In technical terms, the market experienced long liquidation, evidenced by a 0.64% decrease in open interest to 11,720, alongside a price decline of Rs 166. Turmeric currently has support levels at Rs 14,720 and Rs 14,542, while resistance appears to be at Rs 15,098 and Rs 15,298. A breach of Rs 15,298 may catalyze a resurgence in buying activity in the forthcoming sessions.