Turmeric prices experienced a significant decline of 2.15%, concluding at Rs 15,668, as market participants responded to anticipations of increased acreage due to favorable monsoon conditions during the ongoing sowing season. The enhancement of planting prospects has exerted downward pressure on short-term sentiment. Nonetheless, the downside appears constrained as arrivals persistently fall short of normal levels, while both domestic and international demand remains robust.

Reports indicate that farmers and stockists have markedly decreased their inventories, establishing a supportive foundation in anticipation of new crop arrivals. For the 2025–26 season, turmeric acreage is estimated at approximately 3.02 lakh hectares, reflecting an increase of nearly 4% year-on-year, while fresh production is anticipated to reach 11.41 lakh tonnes.

Dried turmeric output across India is projected to reach approximately 90 lakh bags, reflecting an increase compared to the previous season. However, the overall rise in availability is constrained by lower carry-forward stocks. Weather-related challenges, such as unseasonal precipitation and localized disease pressures, have adversely affected yields in Maharashtra, Andhra Pradesh, and Karnataka, with certain areas reporting yield losses of 15–20%. Export demand continues to show resilience, with shipments from April to September 2025 increasing by more than 4% compared to the previous year, primarily driven by markets in Europe and the U.S. Spot prices in Nizamabad experienced a slight decline, indicative of prudent trading behavior.

From a technical perspective, the market is experiencing new selling pressure, as evidenced by a 0.07% increase in open interest to 13,605, alongside a price decline of Rs 344. Immediate support is identified at Rs 15,374, with additional downside potential extending to Rs 15,082. Resistance is established at Rs 16,064, and a breach above this level may pave the way toward Rs 16,462.