Turmeric prices experienced a slight increase, closing 0.02% higher at Rs 17,388, bolstered by arrivals that remained below the typical levels and ongoing demand both domestically and internationally. Market sentiment has shown signs of improvement, as both farmers and stockists have notably decreased their holdings, establishing a solid foundation in anticipation of the new crop’s arrival. The yield prospects in major producing states, including Maharashtra, Andhra Pradesh, and Karnataka, have been adversely affected by unseasonal rains.

These conditions have led to waterlogging and disease problems in certain regions of Marathwada, impacting approximately 15% of the area. Despite localized yield losses of 15–20%, an increase in acreage is anticipated to partially mitigate production declines. 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.

The estimated output of dried turmeric stands at 90 lakh bags, an increase from 82.5 lakh bags in the previous season; however, the overall supply increase is constrained by lower carry-forward stocks. Maharashtra’s dried output is projected to increase to 54 lakh bags, whereas other states collectively may account for approximately 40 lakh bags.

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%, contributing to the robustness of domestic prices. Nizamabad spot prices increased by 0.21%, reaching Rs 16,804.6. Technical Overview – The market is experiencing short covering, evidenced by a 0.9% decline in open interest. Support is identified at Rs 17,022, beneath which prices could potentially approach Rs 16,654. Resistance is positioned at Rs 17,638, and a breakout may result in a rise to Rs 17,886.