Turmeric prices experienced a slight decline of 0.19%, closing at Rs 18,344, influenced by anticipations of increased acreage due to favorable rainfall in the current sowing season. The turmeric crop in India for the 2026 harvest is developing with an increase in acreage; however, supply growth remains moderate. This is due to weather irregularities and localized disease pressures that counterbalance the expansion in planted area. For the 2025–26 season, acreage is projected at 3.02 lakh hectares, reflecting an increase of nearly 4% year-on-year, with fresh production anticipated to reach 11.41 lakh tonnes.
Nevertheless, the downside appears constrained as arrivals persistently fall short of normal levels, while both domestic and international demand remains robust. Farmers and stockists have reportedly diminished their inventories considerably, establishing a robust foundation in anticipation of new crop arrivals. Excessive rainfall has resulted in yield losses in the states of Maharashtra, Andhra Pradesh, and Karnataka. The estimated output of dried turmeric across India stands at 90 lakh bags, an increase from 82.5 lakh bags in the previous year.
However, the lower carry-forward stocks limit the overall rise in availability. Unseasonal rains affected approximately 15% of Marathwada’s area; however, Maharashtra’s production is projected to increase to 54 lakh bags. Export sentiment continues to show resilience, as exports from April to October 2025 increased by 2.05% compared to the previous year, whereas imports experienced a significant decline of 48%. In the Nizamabad spot market, prices increased by 1.89%, indicating a robust underlying strength.
From a technical perspective, the market is experiencing renewed selling pressure, as evidenced by a 1.04% increase in open interest to 15,605, alongside a price decline of Rs 34. Support is identified at Rs 17,806, beneath which prices could potentially approach Rs 17,266. Resistance is positioned at Rs 18,968, and a breakout may result in a rise to Rs 19,590.