Turmeric prices experienced a slight increase on Wednesday, closing up 0.05% at Rs 17,614, bolstered by lower-than-average arrivals and ongoing demand both domestically and internationally. Market sentiment remains robust as both farmers and stockists have notably decreased their inventories, constraining near-term availability in anticipation of new crop arrivals.

Weather-related yield losses in Maharashtra, Andhra Pradesh, and Karnataka stemming from unseasonal rains have exacerbated supply constraints, although potential for price increases is limited by anticipations of expanded acreage in the current sowing season. For the 2025–26 season, turmeric acreage is estimated at 3.02 lakh hectares, reflecting an increase of approximately 4% year-on-year, while fresh production is projected to reach 11.41 lakh tonnes.

Dried output is projected at 90 lakh bags compared to 82.5 lakh bags in the previous season; however, diminished carry-forward stocks limit the overall increase in availability. Maharashtra’s production is projected to increase to 54 lakh bags, notwithstanding localized yield losses of 15–20%. In contrast, other producing states are anticipated to collectively contribute approximately 40 lakh bags. Export demand continues to be strong, especially from Europe and the US, bolstered by IPM-compliant produce, whereas imports have seen a significant year-on-year decline.

In spot markets, Nizamabad prices experienced a slight decline of 0.06%, settling at Rs 16,740.3. From a technical perspective, the market is experiencing new buying activity, as evidenced by a 1.03% increase in open interest. Turmeric exhibits immediate support at Rs 17,314, with additional downside anticipated around Rs 17,012. On the upside, resistance is positioned at Rs 18,058, and a decisive break above this level could pave the way toward Rs 18,500.