NCDEX Live Updates

Turmeric prices declined by 1.08% to close at Rs 15032, influenced by an expansion in acreage bolstered by favorable monsoon rains throughout the ongoing sowing season. Nonetheless, the downside was constrained as excessive rainfall in critical agricultural areas such as Maharashtra, Andhra Pradesh, and Karnataka has impacted yields and instigated disease outbreaks in Erode, attributable to elevated humidity levels.

Reports indicate approximately 15% crop damage in Nanded, heightening supply concerns. Stocks among farmers in Warangal are nearly depleted, and the lack of new arrivals over the last two days has provided underlying support to prices. Despite an increase in acreage—projected to rise by 10% to 3.30 lakh hectares for the 2024–25 season—crop losses and quality deterioration due to persistent rainfall have maintained a cautious market sentiment. At the Duggirala market, the influx of fresh crop arrivals persists in drawing significant buyer interest, as new produce commands a premium over older stock owing to its enhanced quality.

Active trading continues, with daily volumes ranging from 1,000 to 1,200 bags and approximately 50 to 55 percent of the total new crop already transacted. In the interim, government procurement initiatives in Himachal Pradesh are designed to foster natural farming practices and ensure the stabilization of farmer incomes. In the realm of exports, shipments from April to August 2025 experienced an increase of 3.31%, totaling 80,156.56 tonnes.

Notably, exports in August saw a year-on-year rise of 7.27% and a month-on-month increase of 13.71%, indicating robust demand from international markets. The market is experiencing a phase of long liquidation, as evidenced by a 1.33% decline in open interest, bringing it to 11,525. Support levels are identified at Rs 14,874 and Rs 14,714, whereas resistance is observed at Rs 15,284 and Rs 15,534.