Turmeric prices experienced a decline of 1.83%, closing at Rs 16,226, influenced by heightened arrivals in key spot markets and intensified selling activity from both farmers and stockists. Daily arrivals in prominent mandis like Nizamabad, Erode, and Hingoli have surged notably, resulting in a short-term oversupply in regional markets. Farmers have ramped up stock liquidation to secure liquidity for the forthcoming Kharif sowing season, as the influx of late-harvested and high-moisture turmeric has led to significant discounting for average-quality produce. Ongoing tensions in the Middle East have further complicated export logistics, leading some international buyers to postpone new commitments. The lack of new weather-related disruptions in the post-harvest period has contributed to a decline in the weather risk premium reflected in prices.

Nonetheless, the downside appeared constrained as arrivals in various key mandis throughout Maharashtra and Telangana remained below typical seasonal levels, sustaining apprehensions regarding the immediate availability of supply. Quality concerns stemming from rhizome rot in low-lying fields persistently limit the supply of premium “Double Polished” export-grade turmeric. In prominent trading hubs such as Sangli and Nizamabad, farmers and stockists are withholding quality stocks in anticipation of prices surpassing Rs 18,000 per quintal. The premium “Salem Fali” turmeric persists in commanding robust prices close to Rs 20,000 per quintal in certain markets.

Fundamentally, carry-forward stocks are projected at approximately 15 lakh bags, a decrease from over 20 lakh bags in the previous season, thereby constraining overall availability. Export demand continued to show resilience, especially from Bangladesh and the EU for IPM-certified turmeric. During the period of April to February 2026, India experienced a 1% year-on-year increase in turmeric exports, totaling 163,336 tonnes. In contrast, imports saw a significant decline of 40%, amounting to 12,476 tonnes.

From a technical perspective, the market is experiencing renewed selling pressure, evidenced by a 54.79% increase in open interest, which has settled at 12,190 lots, alongside a price decline of Rs 302. Turmeric is currently experiencing support at Rs 15,982, with potential for additional decline toward Rs 15,740. Resistance is identified at Rs 16,508, and a breach of this threshold may propel prices towards Rs 16,792.