Turmeric concluded yesterday’s trading session with a decline of 1.38%, settling at Rs 14,384. This downturn was influenced by anticipations of increased acreage, bolstered by favorable rains during the sowing season. Nonetheless, the negative impact was constrained, as yields in key producing states—Maharashtra, Andhra Pradesh, and Karnataka—have suffered due to excessive rainfall. The Erode market is experiencing significant inflows from these regions, as persistent rainfall is resulting in disease outbreaks and complications in storage due to increased humidity levels.

Further support is emerging from damage in standing crops across key belts, particularly with a reported 15% crop loss in Nanded, which has intensified supply concerns. The inventory of stocks held by farmers in Warangal is approaching depletion, and the lack of new arrivals in the last two days has contributed to the stability of market conditions. Market participants remain attentive to meteorological changes, as prudent selling and subdued inflows persist to provide foundational support.

On the production front, dry weather is currently conducive for timely planting, with early estimates suggesting a 15–20% increase in acreage, bolstered by the comparatively lower profitability of alternative crops. In the 2024–25 season, turmeric acreage has expanded to 3.30 lakh hectares, reflecting a 10% rise compared to the prior year. Export demand continues to exhibit robustness, as evidenced by shipments from April to September 2025, which increased by 4.02% to reach 96,679.67 tonnes. In September 2025, exports experienced a year-over-year increase of 7.59%, albeit reflecting a slight decrease relative to August 2025. In the Nizamabad spot market, prices were recorded at Rs 14,990.15, reflecting a decline of 0.24%.

From a technical perspective, the market is experiencing long liquidation, as evidenced by a 4.33% decline in open interest, bringing it down to 7,405. Turmeric currently has support at Rs 14,218, with potential further decline toward Rs 14,054. Resistance is established at Rs 14,578, and if surpassed, prices could approach Rs 14,774.