NCDEX Live

Turmeric prices experienced a decline of 2.32%, concluding at Rs 14,668, primarily driven by anticipations of increased arrivals in significant markets like Erode within the forthcoming 10–15 days. The market experienced pressure due to an increase in acreage this season, bolstered by favorable rainfall during the sowing period. Nonetheless, the downside appears to be somewhat constrained, as arrivals remain below the norm and demand from both domestic and export markets continues to exhibit strength.

India’s turmeric crop for the 2026 harvest is anticipated to experience an increase in acreage, yet overall supply is projected to grow only moderately. Weather irregularities and localized disease pressure have impacted yields in certain regions, notably in Maharashtra, Andhra Pradesh, and Karnataka. At the all-India level, dried turmeric output is projected to reach approximately 90 lakh bags, an increase from 82.5 lakh bags in the previous season; however, diminished carry-forward stocks may constrain the overall increase in availability.

For the 2025–26 season, turmeric acreage is projected to reach 3.02 lakh hectares, reflecting an increase of approximately 4% compared to the previous year. Despite localized yield losses attributed to heavy rains and disease in specific areas, production in Maharashtra is anticipated to increase owing to the expanded planted area.

From a technical perspective, the market is experiencing new selling pressure, as evidenced by a 1.07% increase in open interest to 18,480, alongside a price decline of Rs 348. Turmeric currently finds itself with immediate support at Rs 14,464; a breach of this level is expected to lead to a test of Rs 14,262. On the upside, resistance is identified at Rs 15,004, and a breach of this threshold may propel prices toward Rs 15,342.