NCDEX Live Updates

Turmeric concluded the day with a modest decline of 0.19% at Rs 14406, as increased acreage, bolstered by favorable rainfall during the ongoing sowing season, exerted downward pressure on prices. Nonetheless, the downside was constrained owing to yield losses in Maharashtra, Andhra Pradesh, and Karnataka, while Erode experienced significant inflows from these areas. Ongoing precipitation in Erode has led to the emergence of disease outbreaks, as elevated humidity adversely affects the preservation of turmeric. Recent heavy rainfall in Nanded has resulted in damage to nearly 15% of the crop area, exacerbating supply concerns.

Stocks involving farmers in Warangal are nearly depleted, as there have been no new arrivals over the last two days. Meanwhile, limited inflows and prudent selling practices are contributing to a stable price environment. Current dry weather conditions on the production front are conducive to timely planting, with preliminary estimates indicating a 15–20% increase in acreage, as alternative crops present lower profitability. In the 2024–25 period, turmeric acreage reached 3.30 lakh hectares, reflecting a 10% increase compared to the previous season.

Exports continued to provide support, increasing by 4.02% to 96,679.67 tonnes during the period from April to September 2025. In September, exports experienced a year-on-year increase of 7.59%, although they declined by 3.58% compared to the previous month. In Nizamabad, a significant spot market, prices decreased by 0.21% to Rs 14,855.05.

From a technical perspective, the market is experiencing long liquidation, evidenced by a 2.62% decrease in open interest, bringing it to 7,245. Turmeric exhibits support at Rs 14318; a decline below this level may lead to a test of Rs 14228. Conversely, resistance is identified at Rs 14510, with a breach above this threshold potentially propelling prices towards Rs 14612.