Turmeric prices increased by 0.23% to close at Rs 14,790, bolstered by constrained arrivals and consistent demand in domestic and export markets. In the physical market, supply constraints persist as farmers and stockists have notably diminished their inventories, establishing a robust foundation for prices in anticipation of the forthcoming crop arrivals. Production in significant states like Maharashtra, Andhra Pradesh, and Karnataka has been impacted by unseasonable rainfall, exacerbating the constraints on short-term availability.  At the national level, dried turmeric output is projected to reach approximately 90 lakh bags, an increase from the 82.5 lakh bags recorded in the previous season. Nonetheless, the constrained carry-forward stocks have restricted the total supply expansion.

In Maharashtra, despite experiencing yield losses of 15–20% in certain areas attributed to waterlogging and disease, an increase in acreage is anticipated to elevate dried production to 54 lakh bags, up from 47.5 lakh bags in the previous year. Other producing states, including Telangana, Andhra Pradesh, Tamil Nadu, Odisha, and West Bengal, are anticipated to collectively yield approximately 40 lakh bags, an increase from the 35 lakh bags produced in the previous season. Demand conditions continue to be favorable, especially in export markets like Europe and the United States.

During the period from April to December 2025, turmeric exports experienced an increase of 3.99%, reaching a total of 142,386 tonnes. In contrast, imports saw a significant decline of 41.54%, suggesting a robust growth in domestic consumption. Nevertheless, potential for upward movement may be constrained in the short term as new supplies in Erode are anticipated to rise over the next 10–15 days, with the area planted for the forthcoming crop projected to be 4% greater compared to the previous year.

From a technical standpoint, the market is experiencing new buying activity, as evidenced by a 0.79% increase in open interest to 17,205 lots, alongside a price increase of Rs 34. Immediate support is identified at Rs 14,578, with a breach of this threshold likely to challenge Rs 14,364. On the upside, resistance is likely near Rs 14,982, and a move above this level could propel prices toward Rs 15,172.