Turmeric prices exhibited a notable increase, closing 3.1% higher at Rs 16,114, bolstered by lower-than-average arrivals and robust demand both domestically and internationally. Market sentiment continues to exhibit positivity, as both farmers and stockists have notably diminished their inventories, establishing a robust foundation in anticipation of new crop arrivals. Concerns regarding supply have arisen following rainfall that affected yields in Maharashtra, Andhra Pradesh, and Karnataka, thereby constraining near-term availability.
Nonetheless, the potential for growth may be limited in the near term, as incoming supplies in Erode are anticipated to increase significantly over the forthcoming 10 to 15 days. On the production side, India’s turmeric crop for the 2025–26 season is developing with increased acreage, yet output is expected to see only moderate growth. Acreage stands at 3.02 lakh hectares, reflecting an increase of approximately 4% year-on-year, with fresh production anticipated to reach 11.41 lakh tonnes. Unseasonal rains during August–September resulted in waterlogging and disease in certain areas of Marathwada, contributing to yield losses in specific pockets.
However, the overall supply growth remains constrained due to lower carry-forward stocks. Demand fundamentals continue to exhibit strength. During the period from April to November 2025, exports experienced a year-on-year increase of 4.88%, driven by robust demand from Europe and the United States. The inferior quality of output in Indonesia has concurrently bolstered demand from India. Concurrently, there was a significant decline in turmeric imports during the same timeframe, exacerbating domestic constraints. Spot prices in Nizamabad concluded the session with a modest decline, indicative of a prudent approach in the near-term trading environment.
From a technical perspective, the market is experiencing new buying activity, as evidenced by a 0.94% increase in open interest to 17,105, alongside a price increase of Rs 484. Immediate support is positioned at Rs 15,646; a breach of this level may lead prices to test Rs 15.