Turmeric prices experienced an increase of 3.86%, reaching Rs 18,060, driven by consistently low arrivals and robust demand both domestically and internationally. Market sentiment has improved as both farmers and stockists have notably decreased their holdings, leading to a tighter near-term availability in anticipation of the new crop. Yield losses reported in Maharashtra, Andhra Pradesh, and Karnataka due to excess rains have further supported prices, while cautious selling and low inflows contributed to the upward momentum.

In the spot market, prices in Nizamabad increased by 0.29% to Rs 16,853.4, indicating consistent physical demand. On the fundamental front, India’s turmeric crop for the 2026 harvest is developing with increased acreage, yet exhibiting only moderate supply growth. For the period of 2025–26, the estimated acreage stands at 3.02 lakh hectares, reflecting a year-on-year increase of 4%, with fresh production anticipated to reach 11.41 lakh tonnes.

The output of dried turmeric is projected to reach 90 lakh bags, surpassing the previous season’s figure of 82.5 lakh bags. However, the increase in production is somewhat constrained by lower carry-forward stocks, which restrict the overall availability. Unseasonal heavy rainfall affected approximately 15% of the Marathwada region, leading to yield losses of 15–20%, in addition to quality concerns including rhizome rot and aflatoxin contamination.

Export fundamentals continue to exhibit strength, as exports from April to October 2025 increased by 2.05% year-over-year, whereas imports experienced a significant decline of 48.05%, further constraining supply. Demand from Europe and the USA continues to exhibit robustness, supported by constrained supply from Indonesia stemming from quality concerns. The market is experiencing short covering, evidenced by a 1.26% decline in open interest. Support is identified at Rs 17,520; a decline below this level may lead prices to test Rs 16,982. Resistance is positioned at Rs 18,396, and a significant breach could pave the way towards Rs 18,734.