NCDEX Live Updates

Turmeric prices increased by 0.15% to 14,642, driven by apprehensions regarding yield losses in significant cultivation areas of Maharashtra, Andhra Pradesh, and Karnataka as a result of excessive rainfall. Persistent rainfall in Erode has resulted in disease outbreaks and elevated humidity levels, thereby exacerbating storage conditions. Reports of crop damage, notably a 15% loss in Nanded, have bolstered sentiment.

However, gains were constrained by anticipations of increased acreage this season, with the turmeric area projected to reach 3.30 lakh hectares for 2024–25, representing an increase of nearly 10% compared to the previous year, as favorable rainfall conditions promoted expansion and alternative crops yielded lower profitability. Supply dynamics are currently constrained, with turmeric stocks in Warangal nearly depleted and the pace of fresh arrivals diminishing.

In Duggirala, robust demand for new crop arrivals persists, with elevated prices for high-quality produce sustaining market activity. Daily trading volumes continue to exhibit robust activity, averaging between 1,000 and 1,200 bags, with approximately 50 to 55 percent of the new crop already transacted. During the period from April to August 2025, exports increased by 3.31% year-on-year, reaching 80,156 tonnes. This growth was bolstered by a 7.27% rise in August exports relative to the previous year, indicating consistent demand from international markets.

The market experienced short covering, evidenced by a 0.6% decline in open interest to 11,630, accompanied by a price increase of Rs 22. Turmeric exhibits support levels at Rs 14,546 and Rs 14,448, with resistance identified at Rs 14,784 and Rs 14,924.