Turmeric concluded yesterday’s trading session with a decline of 4.3%, settling at Rs 14,300. This downturn was influenced by anticipations of increased acreage this season, attributed to favorable rainfall conditions. Nonetheless, the downside remained constrained as apprehensions regarding crop damage lingered in crucial agricultural states like Maharashtra, Andhra Pradesh, and Karnataka, where excessive rainfall has impacted yields. In Erode, inflows from these states have increased; however, persistent rainfall has led to disease outbreaks and posed storage challenges owing to elevated humidity levels. Furthermore, significant rainfall in Nanded has allegedly impacted approximately 15% of the crop area, exacerbating supply concerns.

Farmer-held stocks in Warangal are nearly depleted, with no new arrivals over the past two days, prompting market participants to concentrate on weather developments and crop conditions. Preliminary estimates suggest a 15–20% increase in turmeric acreage, attributed to improved sowing conditions and relatively lower returns from alternative crops, while quality-related premiums are bolstering prices in certain markets. At Duggirala, robust purchasing activity persists, with new crop arrivals fetching elevated prices attributed to their enhanced quality. Daily trading volumes are robust, ranging between 1,000 and 1,200 bags, with approximately 50 to 55 percent of the new crop having been traded already.

Export demand continues to exhibit positive momentum. During the period from April to August 2025, turmeric exports increased by 3.31%, reaching a total of 80,156 tonnes. Notably, shipments in August experienced a year-on-year growth of 7.27% and a month-on-month increase of 13.71%, indicating robust demand from international markets.

From a technical perspective, turmeric is experiencing long liquidation, as evidenced by a 4.67% decrease in open interest to 10,815, alongside a price decline of Rs 642. Support is established at Rs 13,896, followed by a subsequent level at Rs 13,494. Resistance is identified at Rs 14,850, and a breakout could propel prices towards Rs 15,402.