NCDEX Live

Turmeric prices experienced a minor decline, decreasing by 0.08% to close at Rs 14,778, as anticipations of a significant increase in arrivals from Erode in the coming weeks exerted slight pressure on the market. The increase in acreage, bolstered by beneficial rainfall during the planting season, has contributed to a negative sentiment. For the 2025–26 season, turmeric acreage is estimated at 3.02 lakh hectares, reflecting an increase of approximately 4% year-on-year, while fresh production is projected to reach 11.41 lakh tonnes.

Nonetheless, the downside appears constrained owing to restricted current supplies and robust demand. Arrivals remain below the typical levels, as both farmers and stockists have diminished their inventories, thereby establishing a solid foundation in anticipation of the forthcoming crop arrivals. Weather-related challenges, including unseasonal rains and disease issues, have adversely affected yields in major producing states such as Maharashtra, Andhra Pradesh, and Karnataka, thereby negating some of the benefits derived from increased acreage.

On the demand side, export performance continues to exhibit stability. During the period from April to December 2025, turmeric exports experienced a growth of 3.99%, reaching a total of 142,386 tonnes. This increase was bolstered by robust demand from Europe and the United States. Conversely, imports saw a significant decline of over 41%, resulting in a tighter domestic supply.

From a technical standpoint, the market is experiencing new selling activity, as open interest increased by 0.09% to 17,220 lots, while prices declined by Rs 12. Immediate support is identified at Rs 14,662, with a breach of this threshold likely to challenge Rs 14,544. On the upside, resistance is likely near Rs 14,912, and a move above could push prices toward Rs 15,044.