Turmeric prices experienced a modest increase of 0.68%, concluding at Rs 14,878, bolstered by constrained arrivals alongside consistent domestic and export demand. Market sentiment exhibits resilience as both farmers and stockists have curtailed their inventories, thereby constraining immediate availability in anticipation of new crop supplies. Weather-related disruptions in key producing states such as Maharashtra, Andhra Pradesh, and Karnataka have adversely affected yields, thereby exacerbating supply concerns.

Nationally, the production of dried turmeric is projected to reach 90 lakh bags, surpassing the previous season’s figure of 82.5 lakh bags. Nonetheless, the rise is being counterbalanced by a reduction in carry-forward stocks. While demand remains robust—particularly from export markets such as Europe and the U.S.—short-term potential for growth may be limited as new shipments, especially in Erode, are anticipated to increase in the coming weeks.

On the supply side, acreage has expanded by approximately 4% year-on-year; however, irregular weather patterns and disease challenges have constrained yield improvements in certain areas. Export performance has exhibited stability, with shipments from April to December 2025 increasing by 3.99%. In contrast, imports have experienced a significant decline, suggesting robust domestic consumption.

From a technical perspective, the market is experiencing short covering, as open interest has decreased by 0.67% to 17,105 lots, while prices have increased by Rs 100. Immediate support is identified at Rs 14,738, with potential further decline toward Rs 14,596. Resistance appears to be around Rs 15,036, and a breakthrough above this level could drive prices toward Rs 15,192.