Turmeric prices experienced a slight decline of 0.18%, closing at Rs 15,906, influenced by increased arrivals in key producing mandis and ongoing profit-taking activities by traders and farmers. Daily arrivals in prominent markets such as Nizamabad, Erode, and Hingoli have risen markedly, resulting in a temporary supply strain within local mandis. Farmers expedited stock liquidation to enhance liquidity in anticipation of the forthcoming Kharif sowing season, while the rise in arrivals of late-harvested, high-moisture turmeric led to significant discounting for average-quality produce. Ongoing tensions in the Middle East have persisted in disrupting export logistics, leading some international buyers to postpone new commitments.

Nevertheless, the decline in turmeric prices has been constrained by the restricted availability of high-quality stocks. Arrivals in major mandis throughout Maharashtra and Telangana have been subpar for the peak arrival season. Concurrently, moisture-related crop damage and rhizome rot problems in low-lying fields have led to a decline in the supply of high-quality “Double Polished” turmeric. Farmers and stockists in Sangli and Nizamabad are reportedly withholding stocks in expectation of prices exceeding Rs 18,000 per quintal. Premium “Salem Fali” varieties persist in commanding prices close to Rs 20,000 per quintal in major markets.

Fundamental sentiment continued to exhibit support following the Union Agriculture Ministry’s downward revision of turmeric production estimates to 1.140 million tons. Carry-forward stocks are projected at approximately 15 lakh bags, a significant decrease from the previous season’s 20 lakh bags, thereby constraining overall market availability. Export demand exhibited stability, as turmeric exports from April to February 2026 increased by 1% year-on-year, reaching 163,336 tonnes, whereas imports saw a significant decline of 40% during the same timeframe.

From a technical perspective, the market is experiencing renewed selling pressure, evidenced by a 4.33% increase in open interest, which has settled at 17,110, alongside a price decline of Rs 28. Turmeric is currently finding support at Rs 15,802; a decline below this level may lead to a test of Rs 15,696. Conversely, resistance is identified at Rs 16,062, with a breakthrough potentially pushing prices towards Rs 16,216.