Turmeric prices experienced a decline of 0.83 percent yesterday, settling at Rs 16,012. This decrease was largely influenced by anticipations of increased acreage due to favorable monsoon conditions during the current sowing season. Nonetheless, the potential drawbacks appear constrained owing to arrivals that are below the norm and a persistent demand both domestically and internationally.

Market sentiment remains bolstered by a notable decrease in stocks held by both farmers and stockists, contributing to the establishment of a price floor in anticipation of new crop arrivals. The fundamentals of the crop market present a mixed outlook. For the 2026 harvest, India’s turmeric acreage is estimated at approximately 3.02 lakh hectares, reflecting an increase of nearly 4 percent year-on-year, while fresh production is anticipated to reach 11.41 lakh tonnes. The all-India output of dried turmeric is projected at 90 lakh bags, an increase from 82.5 lakh bags in the previous season. However, the lower carry-forward stocks limit the overall rise in availability.

Unseasonal heavy rains during August–September resulted in waterlogging and disease challenges in certain regions of Maharashtra, Andhra Pradesh, and Karnataka, culminating in yield losses of 15–20 percent in the impacted areas. Notwithstanding this, Maharashtra’s dried output is projected to increase to 54 lakh bags as a result of expanded acreage. Other producing states collectively may yield approximately 40 lakh bags, bolstered by expansion and improved agronomic practices, including an increasing adoption of integrated pest management. Demand continues to exhibit strength, as exports from April to September 2025 increased by more than 4 percent compared to the previous year, driven primarily by markets in Europe and the USA.

Spot prices in Nizamabad concluded the trading session slightly diminished at Rs 15,396. From a technical perspective, the market is experiencing renewed selling pressure, evidenced by a 1.84 percent increase in open interest concurrent with a price drop of Rs 134. Support is identified at Rs 15,836, with additional downside potential toward Rs 15,658, while resistance is established at Rs 16,306 and subsequently at Rs 16,598.