Turmeric experienced an increase of 2.83% yesterday, closing at Rs 15,056, bolstered by concerns regarding supply due to weather conditions and diminishing inventories in major producing areas. Significant precipitation in Maharashtra, Andhra Pradesh, and Karnataka has adversely affected standing crops, while ongoing rainfall in Erode has resulted in disease outbreaks and complications in storage attributable to elevated humidity levels. In Nanded, crop losses are particularly significant, with approximately 15% of the turmeric area experiencing adverse effects.

Currently, turmeric inventories held by farmers in Warangal are almost depleted, and the influx of new supplies has been limited in recent days, contributing to a robust market sentiment. Despite these supportive factors, the potential for upside remains constrained as favorable early-season rains have led to an estimated increase in acreage of 15–20% this year. For the 2024–25 season, the total area under turmeric is projected to reach 3.30 lakh hectares, reflecting a 10% increase compared to the previous year.

Market activity continues to exhibit robustness, particularly in Duggirala, where the influx of new crop arrivals is drawing significant buyer interest and securing a premium over older stock, attributed to its superior quality. During the period from April to August 2025, exports experienced an increase of 3.31%, reaching 80,156.56 tonnes compared to the corresponding timeframe in the previous year. Notably, exports in August saw a year-on-year rise of 7.27%.

The market is currently experiencing new buying activity, evidenced by a 2.79% increase in open interest to 11,955, alongside a price rise of Rs 414. Turmeric currently has support levels at Rs 14,670 and further down at Rs 14,282, while resistance is identified at Rs 15,336. A movement above this resistance may lead to prices advancing towards Rs 15,614.