Turmeric prices decreased by 1.42% to close at Rs 14,532, primarily influenced by anticipations of a significant increase in arrivals at Erode in the forthcoming 10–15 days. The expansion of acreage, bolstered by beneficial rainfall throughout the sowing period, additionally influenced market sentiment. For the 2025–26 season, acreage is estimated at 3.02 lakh hectares, reflecting a 4% increase year-on-year, with fresh output anticipated at 11.41 lakh tonnes.

Nonetheless, the potential drawbacks seem to be constrained. Arrivals continue to lag behind the norm, while demand for both domestic and export markets remains robust. Farmers and stockists have already diminished their inventories, thereby offering a buffer to prices. Weather-related challenges, encompassing waterlogging and disease, have impacted yields in significant producing states like Maharashtra, Andhra Pradesh, and Karnataka.

Notwithstanding this, total dried production is projected at 90 lakh bags, an increase from 82.5 lakh bags in the previous year; however, diminished carry-forward stocks are constraining overall availability. Export trends exhibit a mixed picture, as January shipments have declined by 19% compared to the previous year, whereas cumulative exports for the period from April to January show a slight increase. Imports have experienced a significant decline, indicating a diminished dependence on foreign supply sources.

From a technical perspective, the market is experiencing new selling pressure, as indicated by a 1.83% increase in open interest to 17,535, alongside a price decline of Rs 210. Immediate support stands at Rs 14,352; a breach below this level is expected to challenge Rs 14,174. On the upside, resistance is positioned at Rs 14,778, and a movement above this threshold could propel prices toward Rs 15,026.