Turmeric prices concluded the trading session with a decline of 1.01%, settling at Rs 15,752, influenced by heightened arrivals and robust profit-taking activities in major producing areas. Farmers in Maharashtra and Telangana have expedited stock liquidation to enhance liquidity for the forthcoming Kharif sowing season, resulting in a short-term oversupply in local mandis. The increase in late-harvested, high-moisture turmeric has led to a reduction in prices for average-quality lots, negatively impacting the overall market sentiment. Export demand exhibited a cautious stance as persistent tensions in the Middle East continued to disrupt logistics, leading some international buyers to postpone new commitments.

The lack of new weather-related disruptions in the post-harvest phase has contributed to a further decline in the weather risk premium embedded in prices. Despite the decline, the downside remained constrained owing to the restricted availability of premium-quality turmeric. Arrivals in major mandis throughout Maharashtra and Telangana remained below the expected levels for the peak arrival season, as moisture-related rhizome rot problems diminished the supply of “Double Polished” export-grade turmeric. In Sangli and Nizamabad, farmers and stockists persisted in withholding quality stocks, expecting prices to exceed Rs 18,000 per quintal.

Premium “Salem Fali” turmeric varieties were reportedly trading close to Rs 20,000 per quintal in major markets. Industry estimates suggest that carry-forward stocks are approximately 15 lakh bags, a notable decrease from last season’s 20 lakh bags, which bolsters long-term price sentiment. Export demand continued to show resilience, particularly from buyers in Bangladesh and the EU who are in search of finger variety and IPM-certified turmeric. In the period from April to February 2026, turmeric exports experienced a year-on-year increase of 1%, reaching a total of 163,336 tonnes. Conversely, imports saw a significant decline of 40%, falling to 12,476 tonnes.

From a technical perspective, the market experienced renewed selling pressure, evidenced by a 2.98% rise in open interest to 20,015, alongside a price decrease of Rs 160. Turmeric is currently finding support at Rs 15,664; a decline below this level could lead to a test of Rs 15,578. On the upside, resistance is identified at Rs 15,880, and a breakthrough above this threshold may result in a challenge of Rs 16,010.