Turmeric prices experienced a notable decline of 3.48%, concluding at Rs 14,822, influenced by anticipations of increased fresh arrivals at Erode in the forthcoming 10–15 days. Enhanced acreage due to favorable rainfall has additionally impacted sentiment. For the 2025–26 season, the area is projected to be 3.02 lakh hectares, reflecting an increase of approximately 4% compared to the previous year, with new output anticipated at 11.41 lakh tonnes.

Dried production is estimated at 90 lakh bags, an increase from last season’s 82.5 lakh bags; however, reduced carry-forward stocks are constraining the overall growth in availability. Weather disruptions persist, casting uncertainty over the outlook. Significant precipitation in regions of Maharashtra, Andhra Pradesh, and Karnataka has adversely impacted agricultural yields, with approximately 15% of the Marathwada crop suffering from waterlogging and disease. Notwithstanding localized losses, Maharashtra’s production is anticipated to increase due to expanded acreage.

Demand, encompassing both domestic and export sectors, continues to provide robust support. From April to November, exports increased by 4.88% year-on-year, reaching 127,530 tonnes, whereas imports experienced a significant decline of 44.5%, thereby constraining supply dynamics. In Nizamabad, spot prices declined by 1.37%, settling at Rs 15,555.35.

From a technical perspective, the market is experiencing long liquidation, as evidenced by a 1.19% decrease in open interest alongside a price decline of Rs 534. Immediate support is identified at Rs 14,716, with additional downside potential toward Rs 14,608. Resistance is positioned at Rs 15,016, and a rebound beyond this threshold may challenge Rs 15,208.