Turmeric prices experienced an increase of 1.37% yesterday, closing at Rs 16,550. This rise was underpinned by lower-than-average arrivals and ongoing demand both domestically and internationally. Market sentiment has been bolstered by reports indicating that both farmers and stockists have notably decreased their inventories, establishing a solid foundation for prices in anticipation of new-crop arrivals. Nonetheless, the potential for upward movement is constrained by anticipations of increased acreage resulting from favorable monsoon conditions in the ongoing sowing season.

For the 2025–26 season, turmeric acreage is projected to reach 3.02 lakh hectares, reflecting an approximate 4% increase compared to the previous year, while fresh production is anticipated to be 11.41 lakh tonnes. Dried turmeric output across India is projected at 90 lakh bags, compared to 82.5 lakh bags in the previous season. However, reduced carry-forward stocks are constraining the overall increase in availability. Unseasonal heavy rains during August–September resulted in waterlogging and disease challenges across approximately 15% of the area in parts of Marathwada, culminating in yield losses of 15–20% in the impacted regions.

Notwithstanding this, Maharashtra’s dried output is projected to increase to 54 lakh bags, whereas other states collectively may account for approximately 40 lakh bags. Export-grade supply is bolstered by increasing IPM cultivation, with Europe and the United States continuing to be primary markets. Indonesia’s season has concluded with below-average quality, thereby reinforcing the demand for Indian turmeric. In the realm of trade, turmeric exports from April to November 2025 experienced a year-on-year increase of 4.88%, whereas imports saw a significant decline of 44.52%. Spot prices in Nizamabad concluded slightly elevated at Rs 16,508.4.

From a technical perspective, the market is experiencing new buying activity, as evidenced by a 0.06% increase in open interest to 16,335, coupled with a price increase of Rs 224. Support is identified at Rs 16,068, beneath which prices may challenge Rs 15,584, whereas resistance is established at Rs 16,868, and a breakout could pave the way towards Rs 17,184.