Turmeric prices declined by 2.51%, concluding at Rs 15,710, influenced by anticipations of a significant increase in new arrivals at Erode in the upcoming 10 to 15 days. Enhanced acreage, bolstered by favorable precipitation during the planting season, has additionally influenced market sentiment. For the 2025–26 season, the estimated acreage stands at 3.02 lakh hectares, reflecting a 4% increase year-on-year, while fresh production is projected to reach 11.41 lakh tonnes. Dried output is estimated at 90 lakh bags, surpassing last season’s figure of 82.5 lakh bags.

Nonetheless, erratic precipitation and disease challenges, especially in Maharashtra, have resulted in localized yield reductions of 15–20%, constraining the overall supply expansion. Decreased carry-forward stocks and diminished holdings by farmers and stockists are also mitigating the downside.

Demand continues to show positive signs. During the period from April to November 2025, exports experienced an increase of nearly 5% compared to the previous year, driven by robust demand from Europe and the United States. In contrast, imports saw a significant decline, plummeting by more than 44%. Concerns regarding quality in Indonesia, coupled with an increase in IPM-compliant output in India, are bolstering demand for export-grade products. In Nizamabad, spot prices declined by 0.54% to Rs 15,968.75.

The market is currently experiencing long liquidation, despite open interest remaining stable. Immediate support is identified at Rs 15,466, with potential further decline toward Rs 15,220. Resistance is established at Rs 16,104, and a breach above this level may propel prices toward Rs 16,496.