Turmeric prices experienced a slight increase, closing up by 0.12% at Rs 16,800, bolstered by lower-than-average arrivals and consistent demand both domestically and internationally. Market sentiment appears robust, as both farmers and stockists have notably diminished their inventories, establishing a solid foundation in anticipation of the new crop’s arrival. Nonetheless, the potential for growth is limited by anticipations of increased acreage, bolstered by favorable rainfall during the planting period.

For the 2025–26 season, turmeric acreage is estimated at 3.02 lakh hectares, reflecting an increase of approximately 4% year-on-year, while fresh production is projected to reach 11.41 lakh tonnes. The estimated output of dried turmeric stands at 90 lakh bags, reflecting an increase compared to the previous season. However, the overall rise in availability is constrained by lower carry-forward stocks. Weather-related challenges have moderated supply growth, as unseasonal rains have adversely affected yields in Maharashtra, Andhra Pradesh, and Karnataka, with certain areas reporting yield losses of nearly 15–20%.

Notwithstanding apprehensions regarding quality, the demand for exports continues to be robust, especially from Europe and the United States, bolstered by production that adheres to IPM standards. During the period from April to November 2025, export performance exhibited an improvement, whereas imports experienced a significant decline, contributing positively to domestic price levels. Spot prices in Nizamabad exhibited a slight increase.

The market is currently experiencing new buying activity, evidenced by a 0.48% increase in open interest. Turmeric exhibits support at Rs 16,582; a decline beneath this level may lead prices to test Rs 16,366. Conversely, resistance is identified at Rs 16,982, with a breakthrough potentially driving prices toward Rs 17,166.