Turmeric futures experienced a slight decline of 0.14%, settling at Rs 14,686, influenced by anticipations of increased acreage this season as a result of favorable monsoon rains. Preliminary data indicate a 15–20% increase in turmeric cultivation as agricultural producers transition from crops yielding lower returns. Nonetheless, the adverse effects appear constrained, as heavy rainfall has adversely influenced yields in Maharashtra, Andhra Pradesh, Karnataka, and certain regions of Nanded, where approximately 15% of the cultivated area has sustained damage. Continuous rains in Erode have precipitated disease outbreaks, as elevated humidity complicates storage conditions.

The supply of stocks with farmers in Warangal has nearly been depleted, as there have been no new arrivals for the last two days, which has led to a stabilization in prices. Market activity continues to exhibit robustness, particularly at the Duggirala market, where the influx of fresh crop arrivals is attracting considerable buying interest. The latest season’s turmeric is maintaining a premium over older stock, attributed to its superior quality. Daily arrivals are reported at 1,000–1,200 bags, with approximately 50–55% of the new crop already traded.

In the interim, the Himachal Pradesh government has commenced procurement efforts aimed at bolstering natural farming, with registration available until mid-June. Export demand continues to provide support, with turmeric exports from April to September 2025 increasing by 4.02% to 96,679.67 tonnes, and shipments in September showing a year-on-year rise of 7.59%.

From a technical perspective, the market is experiencing long liquidation, with open interest remaining stable at 7,795. Prices are finding support at Rs 14,572, with additional downside potential toward Rs 14,458. On the upside, resistance is positioned at Rs 14,798, and a breach above this level could propel prices toward Rs 14,910.