Turmeric prices experienced a notable increase, closing up by 1.41% at Rs 17,862, bolstered by lower-than-average arrivals and persistent demand both domestically and internationally. Market sentiment exhibits resilience as both farmers and stockists have significantly diminished their inventories, establishing a robust foundation in anticipation of new crop arrivals. Yield losses reported in Maharashtra, Andhra Pradesh, and Karnataka due to excess rains have constrained near-term supply, although potential gains are limited by expectations of increased acreage in the current sowing season, supported by favorable weather conditions.

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. The output of dried turmeric is projected to reach 90 lakh bags, an increase from 82.5 lakh bags in the previous season. However, the overall rise in availability is constrained by reduced carry-forward stocks.

Unseasonal rainfall during August–September affected approximately 15% of the acreage in certain regions of Marathwada, resulting in quality issues including rhizome rot and the risk of aflatoxin contamination. Notwithstanding this, an increase in acreage may elevate Maharashtra’s production to 54 lakh bags, whereas other states might add approximately 40 lakh bags. Export demand continues to show resilience, especially from Europe and the US, as exports from April to October 2025 experienced a slight year-on-year increase, whereas imports saw a significant decline.

From a technical standpoint, the market is experiencing new buying activity, evidenced by a 2.56% increase in open interest alongside a Rs 248 rise in price. Turmeric exhibits a support level at Rs 17,552; a decline beneath this threshold could lead prices to test Rs 17,240. Resistance is identified at Rs 18,088, and a breach above this threshold may propel prices toward Rs 18,312.