Turmeric prices concluded the trading session with an increase of 1.16%, reaching Rs 16,198. This rise can be attributed to a reduction in available spot supplies coupled with robust demand for high-quality stocks. Arrivals at major mandis in Maharashtra and Telangana fell short of seasonal averages, resulting in a prompt supply constraint during the height of the marketing season. Quality concerns associated with moisture damage and rhizome rot in low-lying cultivation areas have diminished the supply of export-grade “Double Polished” turmeric. In contrast, premium “Salem Fali” varieties have maintained strong market prices, nearing Rs 20,000 per quintal in key trading hubs. Farmers and stockists in Sangli and Nizamabad are strategically withholding quality stocks, anticipating further price increases toward Rs 18,000 levels.

Nonetheless, the potential for upside was somewhat constrained by rising arrivals and the proactive liquidation of stocks by farmers aiming for liquidity in anticipation of Kharif sowing. Increased arrivals of late-harvested, high-moisture turmeric have led to a decline in prices for average-quality material. Additionally, profit-taking by traders who had built up inventories earlier in the season has contributed to a temporary increase in selling pressure. Export logistics continued to be impacted by ongoing tensions in the Middle East, resulting in delays for certain international purchasing activities.

Fundamentally, the market continues to receive support from lower carry-forward stocks estimated at approximately 15 lakh bags, in contrast to over 20 lakh bags from the previous season. The Agriculture Ministry’s downward revision of turmeric production to 1.140 million tonnes has bolstered bullish sentiment, while apprehensions regarding a below-normal 2026 monsoon are progressively incorporating weather-related risk premium into long-term prices. Demand for IPM-certified turmeric from EU buyers, coupled with active procurement by Bangladesh for finger varieties, has further bolstered market sentiment.

Export data indicated that turmeric exports during the period of April to February 2026 experienced a slight increase of 1%, reaching a total of 163,336 tonnes. In contrast, imports saw a significant decline of 40%, amounting to 12,476 tonnes. Technically, the market is experiencing short covering, evidenced by a 0.52% decrease in open interest to 19,970 lots, alongside a rise in prices. Support is identified at Rs 16,044, with subsequent support at Rs 15,892. Resistance levels are established at Rs 16,354 and Rs 16,512.