Turmeric prices experienced a decline of 0.6%, concluding at Rs 14,942, attributed to a rise in acreage resulting from beneficial rainfall during the sowing period. Nevertheless, the downside was constrained, as crop yields in significant agricultural states such as Maharashtra, Andhra Pradesh, and Karnataka experienced adverse effects due to excessive rainfall. Persistent rainfall in Erode has resulted in disease outbreaks and preservation difficulties stemming from elevated humidity levels. Concurrently, reports indicate that approximately 15% of standing crops in Nanded have sustained damage, which has contributed to a degree of support for prices.
Stocks held by farmers in Warangal are approaching depletion, while limited arrivals in spot markets are sustaining a robust trade sentiment. In terms of production, the area dedicated to turmeric for the 2024–25 season is recorded at 3.30 lakh hectares, reflecting an increase of approximately 10% compared to the previous year. Projections suggest an additional rise of 15–20% driven by favorable sowing conditions and diminished profitability in competing crops.
At the Duggirala market, there is notable buying interest for new crop arrivals, with fresh stocks commanding higher prices due to their superior quality. Daily trading activity continues to exhibit robustness, with 1,000–1,200 bags transacted, and approximately 50–55% of the new crop already exchanged. During the period of April to August 2025, exports have demonstrated a consistent upward trajectory, increasing by 3.31% to reach 80,156.56 tonnes.
In August, exports experienced an increase of 7.27% compared to the same month last year, alongside a month-on-month rise of 13.71%. The market experienced a phase of long liquidation, as evidenced by a 1.56% decline in open interest, bringing it to 11,345. Turmeric exhibits support levels at Rs 14,834 and Rs 14,724, with resistance identified at Rs 15,072 and Rs 15,200.