Turmeric prices experienced a significant increase, closing at Rs 16,092, reflecting a rise of 3.27%. The situation was bolstered by arrivals that were below the typical levels, alongside robust domestic and export demand. Farmers and stockists have significantly curtailed their inventories ahead of the new crop’s arrival, leading to a notable decrease in availability in the near term. Weather disturbances in Maharashtra, Andhra Pradesh, and Karnataka, characterised by heavy rains and the prevalence of local diseases, have adversely affected yields in numerous regions, thereby heightening supply concerns.

For the 2025-26 season, the acreage is projected at 3.02 lakh hectares, reflecting an increase of approximately 4% compared to the previous year, while the anticipated fresh production stands at 11.41 lakh tonnes. Dry production is projected at 9 million bags, an increase from 82.5 million bags in the previous season; however, limited carry-forward stocks are constraining the overall rise in availability. In spite of the decline in local production, Maharashtra is projected to yield 54 lakh bags.

Export demand has exhibited stability, particularly from Europe and the United States, whereas imports experienced a significant decline from April to December. In Erode, it is anticipated that arrivals will increase over the next few weeks. Additionally, with an expansion in acreage, supply may rise subsequently, potentially tempering growth.

From a technical perspective, the market is demonstrating a growing appetite for new acquisitions, as evidenced by a 1.77% rise in open interest. Immediate support is identified at Rs 15,568, with a potential decline towards Rs 15,042. The resistance level stands at Rs 16,412, and surpassing this threshold could lead to an ascent towards Rs 16,730.