Turmeric prices exhibited an increase, closing 1.99% higher at Rs 14,540, as unfavorable weather conditions persisted in affecting major producing areas. Prolonged and substantial rainfall in Maharashtra, Andhra Pradesh, Karnataka, and Erode has adversely impacted agricultural yields and incited disease outbreaks, while elevated humidity has further complicated the preservation of crops. In Nanded, it is estimated that excessive rainfall has adversely affected nearly 15% of the turmeric acreage, raising concerns regarding supply levels. Reduced inflows and prudent selling in mandis are contributing to the sustained firm price trend.
On the production front, although recent rains have resulted in localized damage, the ongoing dry weather phase is facilitating timely planting. Preliminary estimates indicate that turmeric acreage could increase by 15–20% as farmers transition from less profitable crops. For the 2024–25 season, the area dedicated to turmeric cultivation has expanded to 3.30 lakh hectares, reflecting a 10% increase compared to the previous year. Nevertheless, the potential for price increases may be limited if the expansion of acreage persists. Stocks among farmers, especially in Warangal, are nearly depleted, with minimal arrivals reported.
At Duggirala, the influx of fresh crop arrivals is attracting significant buying interest, as the new-season produce is fetching a premium owing to its superior quality. Turmeric exports have demonstrated robust growth, increasing by 3.31% during the period of April to August 2025, reaching a total of 80,156 tonnes. In August, exports increased by 7.27% compared to the same month last year and rose by 13.71% from the previous month, indicating robust international demand.
From a technical perspective, the market is experiencing short covering, evidenced by a 1.23% decline in open interest to 10,405, coinciding with a price increase of Rs 284. Support is currently positioned at Rs 14,074, with the potential for a test of Rs 13,606 if this level is breached. Resistance is identified at Rs 14,850, and a breakout could lead to further movement towards Rs 15,158.