Turmeric prices experienced a slight decline, closing at Rs 17,068, reflecting market responses to anticipated increases in acreage bolstered by favorable rainfall during the current sowing season. India’s turmeric crop for the 2026 harvest is developing with an expansion in acreage; however, supply growth is anticipated to be moderate owing to weather irregularities and localized disease pressures. For the 2025–26 season, acreage is projected to reach 3.02 lakh hectares, reflecting an increase of approximately 4% compared to the previous year, while fresh production is anticipated to be 11.41 lakh tonnes.

The estimated output of dried turmeric across India stands at 90 lakh bags, an increase from 82.5 lakh bags in the previous season. However, diminished carry-forward stocks are constraining the overall increase in availability. Nonetheless, the potential for downside appears limited as arrivals persistently fall short of normal levels, with both farmers and stockists reportedly having substantially decreased their inventories. Yield losses ranging from 15% to 20% have been observed in certain regions of Maharashtra, Andhra Pradesh, and Karnataka, attributed to unseasonal rainfall, waterlogging, and disease challenges, affecting approximately 15% of the Marathwada region.

Notwithstanding this, Maharashtra’s dried output is anticipated to increase to 54 lakh bags due to expanded acreage. Concerns regarding quality remain, yet the adoption of Integrated Pest Management and the use of EU-compliant materials bolster demand for export-grade products. During the period from April to October 2025, exports experienced a year-on-year increase of 2.05%, notwithstanding a monthly decrease observed in October. In the Nizamabad spot market, prices increased by 1.54% to Rs 15,952.4, indicative of constrained nearby supplies.

Currently, the market is experiencing renewed selling pressure, as evidenced by a 3.22% increase in open interest to 14,245, alongside a price decline of Rs 60. Support is identified at Rs 16,722, beneath which prices could potentially approach Rs 16,378. Resistance is positioned at Rs 17,540, and a breach above this level may pave the path toward Rs 18,014.