Turmeric prices exhibited a significant increase, closing up by 3.85% at Rs 18,486, bolstered by lower-than-average arrivals and persistent demand both domestically and for export. Market sentiment appears robust, as both farmers and stockists have notably decreased their inventories, establishing a solid foundation in anticipation of the new crop’s arrival. The yields in Maharashtra, Andhra Pradesh, and Karnataka have been adversely affected by excessive rainfall, leading to a constriction in near-term supply.

However, the potential for upside may be limited by increased acreage spurred by favorable rainfall in the ongoing sowing season. For the 2025–26 season, turmeric acreage is projected to reach 3.02 lakh hectares, reflecting an increase of approximately 4% compared to the previous year, with fresh production anticipated at 11.41 lakh tonnes. At the all-India level, dried turmeric output is projected at 90 lakh bags compared to 82.5 lakh bags from the previous season; however, diminished carry-forward stocks limit the actual increase in availability. In Maharashtra, although there are yield losses of 15–20% in certain areas attributed to waterlogging and disease, an increase in acreage is anticipated to elevate the dried output to 54 lakh bags.

Other significant states collectively could yield approximately 40 lakh bags, an increase from 35 lakh bags in the previous year. Export demand continues to show strength, especially from Europe and the US, bolstered by increasing adoption of IPM and the availability of export-grade supplies. In the realm of trade, turmeric exports from April to October 2025 experienced a year-on-year increase of 2.05%, whereas imports saw a significant decline of 48.05%, thereby bolstering domestic prices. In the Nizamabad spot market, prices increased by 1.05% to Rs 16,321.7.

From a technical perspective, the market is experiencing new buying activity, as evidenced by a 0.1% increase in open interest at 14,795, coupled with a price rise of Rs 686. Support is identified at Rs 18,166, with potential downside to Rs 17,846, while resistance is positioned at Rs 18,776, and a breakout may challenge Rs 19,066.