Turmeric prices experienced a decline of 2.19%, settling at Rs 17,178, influenced by anticipations of increased acreage due to favorable rainfall during the current sowing season. For the 2026 harvest, India’s turmeric crop is developing with an expansion in planted area; however, the overall growth in supply is anticipated to be moderate, influenced by weather irregularities and localized disease occurrences. Unseasonal heavy rains during August–September resulted in waterlogging and disease affecting nearly 15% of the crop area in certain regions of Marathwada, which in turn led to yield losses of 15–20% in the impacted areas across Maharashtra, Andhra Pradesh, and Karnataka.

Notwithstanding the recent price correction, the potential for further decline seems constrained. Market arrivals continue to fall short of the norm, with both farmers and stockists notably decreasing their inventories, thereby establishing a solid foundation in anticipation of new crop arrivals.

For the 2025–26 season, turmeric acreage is estimated at 3.02 lakh hectares, reflecting an increase of approximately 4% year-on-year, with dried output anticipated to reach 90 lakh bags compared to 82.5 lakh bags in the previous season. The limited carry-forward stocks are constraining the overall growth in availability. Demand continues to exhibit strength, bolstered by substantial exports to Europe and the United States, whereas the quality of Indonesia’s season-ending crop has been reported as subpar.

From a technical perspective, the market is experiencing long liquidation, evidenced by a 4.89% decrease in open interest concurrent with a Rs 384 decline in price. Turmeric exhibits immediate support at Rs 16,940; a breach beneath this level may lead to a test of Rs 16,700. Resistance is established at Rs 17,480, and a breach of this level may propel prices toward Rs 17,780.