Turmeric prices experienced a notable increase of 2.8%, concluding at Rs 17,800, influenced by lower-than-average arrivals and persistent demand both domestically and internationally. Market sentiment was bolstered by reports indicating that both farmers and stockists have notably decreased their holdings, establishing a solid foundation in anticipation of new-crop arrivals. Unseasonal rains have adversely affected crop yields in Maharashtra, Andhra Pradesh, and Karnataka, leading to a constriction in near-term availability.

In the pivotal Nizamabad spot market, prices experienced an upward movement, concluding at Rs 16,152.35, reflecting an increase of 0.89%. Nonetheless, potential gains may be limited by anticipations of increased acreage in the ongoing sowing season, attributed to favorable rainfall conditions. For the 2025–26 season, turmeric acreage is projected to reach 3.02 lakh hectares, reflecting a 4% increase year-on-year, while fresh production is anticipated to be 11.41 lakh tonnes.

Notwithstanding the increase in acreage, the growth in supply continues to be moderate, as fluctuations in weather patterns and disease pressures counterbalance the advancements made. The estimated output of dried turmeric stands at 90 lakh bags, an increase from 82.5 lakh bags in the previous season; however, the overall growth is constrained by reduced carry-forward stocks. Export demand continues to provide support, as exports from April to October 2025 increased by 2.05% compared to the previous year, whereas imports experienced a significant decline of 48%.

From a technical standpoint, the market is experiencing short covering, as evidenced by a 0.2% decrease in open interest to 14,780, accompanied by a notable price increase of Rs 484. Turmeric exhibits immediate support at Rs 17,236, with additional downside anticipated around Rs 16,674. Resistance is established at Rs 18,184, and a sustained movement above this threshold may drive prices toward Rs 18,570.