Turmeric prices experienced an upward movement, concluding with a rise of 2.55% at Rs 17,128, bolstered by lower-than-average arrivals and robust demand both domestically and internationally. Market sentiment continues to exhibit positivity, as both farmers and stockists have notably diminished their holdings, establishing a robust foundation in anticipation of the forthcoming crop arrivals. Supply-side concerns remain prominent following adverse rainfall that negatively affected yields in Maharashtra, Andhra Pradesh, and Karnataka. Additionally, unseasonal heavy rainfall during August to September led to waterlogging and disease complications in approximately 15% of the area in certain regions of Marathwada.

Despite localized yield losses of 15–20%, an increase in acreage is anticipated to elevate Maharashtra’s dried turmeric output to approximately 54 lakh bags, up from 47.5 lakh bags in the previous season. At the all-India level, turmeric acreage for the 2025–26 season is estimated at 3.02 lakh hectares, reflecting an increase of approximately 4% year-on-year. Dried output is projected at 90 lakh bags compared to 82.5 lakh bags last year; however, lower carry-forward stocks constrain the overall increase in availability.

Demand conditions continue to be favorable, characterized by consistent purchasing activity from Europe and the USA. Additionally, quality concerns in Indonesia stemming from a diminished crop have further bolstered demand for Indian products. During the period from April to October 2025, exports experienced a year-on-year increase of 2.05%, reaching 1.11 lakh tonnes. However, shipments in October saw a decline compared to both the previous month and the same month last year. In the Nizamabad spot market, prices concluded at Rs 15,709.85, reflecting an upward trend.

From a technical perspective, the market is experiencing new buying activity, as evidenced by a 0.18% increase in open interest to 13,800, coupled with a notable price increase of Rs 426. Support is identified at Rs 16,726, beneath which prices may approach Rs 16,326, whereas resistance is positioned at Rs 17,400, with a breakout potentially driving prices toward Rs 17,674.