Turmeric prices experienced a decline, closing at Rs 16,702, reflecting a decrease of 0.61%. This movement is attributed to anticipations of increased acreage due to the beneficial monsoon rains observed in the current sowing season. Nonetheless, the downside was constrained, as market arrivals persistently remained below normal levels, while both domestic and export demand exhibited resilience. Reports suggest that farmers and stockists have notably diminished carryover stocks, establishing a favorable foundation in anticipation of the new crop’s arrival. Yield losses have been observed in Maharashtra, Andhra Pradesh, and Karnataka as a result of excessive rainfall, which has partially mitigated the effects of an increased planted area.
For the 2025–26 season, turmeric acreage is estimated at 3.02 lakh hectares, reflecting an increase of approximately 4% year-on-year, while fresh production is projected to reach 11.41 lakh tonnes. At the national level, the production of dried turmeric is projected to reach 90 lakh bags, an increase from 82.5 lakh bags in the previous season. However, the limited carry-forward stocks constrain the actual enhancement in availability. Unseasonal heavy rainfall during August–September resulted in disease and waterlogging challenges in certain regions of Marathwada, impacting approximately 15% of the area.
In spite of localized yield losses, Maharashtra’s dried output is projected to increase to 54 lakh bags. Other producing states are anticipated to contribute approximately 40 lakh bags, bolstered by enhanced acreage and the adoption of integrated pest management, thereby facilitating export-grade supply. During the period from April to October 2025, exports increased by 2.05% compared to the previous year, indicating consistent foreign demand from Europe and the United States.
From a technical perspective, the market is experiencing long liquidation, evidenced by a 0.4% decrease in open interest to 13,775, coinciding with a price decline of Rs 102. Turmeric establishes a support level at Rs 16,426; a decline beneath this point could lead to a test of Rs 16,148. Resistance is identified at Rs 16,916, and a breakout may propel prices towards Rs 17,128.