Turmeric futures concluded the prior session with a robust performance, closing 1.25% higher at Rs 14144, bolstered by supply concerns linked to weather conditions in major producing states. Significant rainfall in Maharashtra, Andhra Pradesh, Karnataka, and Nanded has adversely affected standing crops, with Nanded experiencing an estimated area loss of approximately 15%. Ongoing precipitation in Erode has resulted in the emergence of diseases, while heightened humidity is complicating storage, thereby constraining short-term supply. Farmers’ stocks in Warangal are nearly depleted, with no new arrivals in the last two days, contributing to the stability in physical markets.

Market activity at Duggirala remains vigorous, with fresh crop arrivals drawing significant buying interest, consistently yielding higher prices attributed to superior quality. Daily inflows continue to be robust, ranging from 1,000 to 1,120 bags, with approximately 50 to 55% of the new crop already transacted. Nonetheless, the potential for further gains appears limited as beneficial monsoon conditions have led to increased sowing activities.

Preliminary estimates suggest that turmeric acreage could increase by 15–20%, with the 2024–25 season already recording 3.30 lakh hectares, reflecting a 10% rise from the previous year. In the realm of trade, turmeric exports for the period of April to September 2025 experienced a growth of 4.02%, totaling 96,679.67 tonnes. Meanwhile, shipments in September saw an increase of 7.59% year-on-year, albeit reflecting a slight decline compared to August 2025.

The market is experiencing short covering, as evidenced by a 0.38% decline in open interest, now at 10,360. Immediate support is identified at Rs 13964, with subsequent support at Rs 13782. Resistance is established at Rs 14264, beyond which the level of Rs 14382 could be approached.