Turmeric prices experienced a decline of 0.75%, settling at Rs 17,384, influenced by anticipations of increased acreage due to favorable rainfall conditions in the current sowing season. India’s turmeric crop for the 2026 harvest is developing with an expansion in planted area; nonetheless, supply growth is anticipated to be moderate owing to weather irregularities and localized disease challenges. Unseasonal heavy rainfall during August–September resulted in waterlogging and increased disease pressure in certain regions of Maharashtra, impacting approximately 15% of the area and leading to yield losses of 15–20% in specific pockets.
Notwithstanding this, an increase in acreage is expected to elevate Maharashtra’s dried turmeric production to 54 lakh bags, in contrast to 47.5 lakh bags from the previous year. At the all-India level, dried turmeric production is projected at 90 lakh bags compared to 82.5 lakh bags from the previous season; however, reduced carry-forward stocks will limit overall availability. The potential for price declines seems constrained, given that arrivals are still below the typical levels and both producers and stockists have markedly diminished their inventories.
Domestic and international demand remains robust, bolstered by substantial exports to Europe and the USA, whereas imports have experienced a significant decline. Quality concerns, including rhizome rot and the risk of aflatoxin, continue to be prevalent in low-lying fields. However, the growing implementation of integrated pest management practices is bolstering the supply of export-grade products. In the Nizamabad spot market, prices increased by 0.21% to Rs 16,804.6.
From a technical standpoint, the market is experiencing renewed selling pressure, as evidenced by a 3.2% increase in open interest to 17,250, coinciding with a price drop of Rs 132. Turmeric currently finds itself with immediate support at Rs 17,056; a breach of this level may lead to a test of Rs 16,730. On the upside, resistance is observed at Rs 17,862, and a sustained movement above this threshold could propel the price higher.