Turmeric prices experienced a modest decline in the previous session, closing 1.02% lower at Rs 14,590, primarily driven by anticipations of increased arrivals in the forthcoming weeks. Recent arrivals of fresh turmeric in Erode are expected to rise considerably in the coming 10–15 days, exerting pressure on prices. Moreover, beneficial rainfall throughout the sowing season has prompted farmers to increase their acreage, thereby elevating expectations for greater production.

Nonetheless, the downside appears constrained, as present arrivals continue to fall short of normal levels, while both domestic and international demand exhibit robust strength. Reports indicate that farmers and stockists have significantly diminished their inventories, potentially establishing a supportive foundation for prices prior to the full arrival of the new crop in the market. Weather disruptions have impacted yields in regions of Maharashtra, Andhra Pradesh, and Karnataka as a result of unseasonal rains.

Nationally, the production of dried turmeric for the 2026 harvest is projected to reach approximately 90 lakh bags, an increase from the 82.5 lakh bags recorded in the previous season. Acreage stands at 3.02 lakh hectares, reflecting an increase of approximately 4% year-on-year, with fresh production anticipated at 11.41 lakh tonnes. Export demand has exhibited stability, with shipments from April to December 2025 increasing by 3.99% to reach 142,386 tonnes relative to the prior year.

From a technical perspective, the market is experiencing long liquidation, as evidenced by a 3.59% decline in open interest to 17,570, accompanied by a price drop of Rs 150. Turmeric currently finds itself with immediate support at Rs 14,444, while a breach beneath this level could lead to a test of Rs 14,298. On the upside, resistance is observed at Rs 14,818, and a movement above this threshold could drive prices toward Rs 15,046.