Turmeric yesterday concluded the trading session down by 1.52% at Rs 14,674, influenced by increased acreage due to favorable monsoon conditions prevailing in the current sowing season. Preliminary data indicates that the turmeric area for 2024–25 is projected at 3.30 lakh hectares, reflecting a 10% increase from the previous year’s 3 lakh hectares. Furthermore, estimates suggest a potential rise of 15–20% as other crops present lower profitability.
Nonetheless, the downside appears constrained, as excessive rainfall has negatively affected yields in significant agricultural states such as Maharashtra, Andhra Pradesh, and Karnataka. Persistent precipitation in Erode has catalyzed the emergence of disease outbreaks, whereas elevated humidity is obstructing the preservation of crops. In Nanded, approximately 15% of the turmeric acreage has sustained damage as a result of heavy rainfall, whereas farmers in Warangal are facing a depletion of their stocks, with no new arrivals observed in recent days. At Duggirala market, the influx of fresh arrivals is generating significant buyer interest, as premium prices are being commanded for the new stock, attributed to its superior quality.
Market activity persists at a consistent level, with daily transactions ranging from 1,000 to 1,200 bags, and approximately 50 to 55% of the new crop already committed to sales. In the interim, the government procurement initiative in Himachal Pradesh is advancing natural farming practices while facilitating active involvement from farmers. In terms of exports, turmeric shipments increased by 3.31% during the period from April to August 2025, reaching a total of 80,156.56 tonnes. Notably, exports in August experienced a year-on-year rise of 7.27%.
From a technical perspective, the market experienced long liquidation, evidenced by a 0.13% decrease in open interest to 11,705, alongside a price decline of Rs 226. Turmeric currently has support levels at Rs 14,446 and Rs 14,220, with resistance identified at Rs 14,996 and Rs 15,320. A breach of Rs 15,320 may indicate a resurgence of bullish momentum.