Turmeric prices increased by 1.50%, closing at Rs 20,950. This rise was bolstered by reduced market arrivals, constrained spot supplies, and consistent export demand. Total arrivals fell significantly to approximately 8,500 bags, down from 18,000 bags in the prior session, largely attributed to the shutdown of key markets in Maharashtra. Robust purchasing demand in conjunction with constrained supply has bolstered prices, as evidenced by the Nizamabad spot market’s upward movement, where prices increased by 4.07% to Rs 19,345.90. Crop prospects remain intricately tied to prevailing weather conditions.

Recent rainfall in key turmeric-producing areas over the last five to six days is anticipated to expedite Kharif sowing, while favourable prices approaching multi-year highs are expected to promote an increase in acreage. However, the pace of sowing will depend on the consistency of monsoon rainfall, particularly amid concerns regarding the potential influence of El Niño. While the recent improvement in monsoon conditions has alleviated short-term crop worries, the broader supply situation continues to be constrained by diminished production levels and a decrease in carry-forward stocks, which are projected to be approximately 15 lakh bags, down from over 20 lakh bags in the previous season.

Export demand remains a significant pillar of support for the market. India’s turmeric exports rose by 0.6% year-on-year, reaching 15,039 tonnes in April 2026. Demand from China increased dramatically to 1,455 tonnes, a significant rise from merely 9 tonnes the previous year. Additionally, exports to Saudi Arabia, Turkey, Brazil, and Japan experienced robust double-digit growth. Despite a decline in shipments to the UAE and USA, strong demand from emerging markets compensated for these shortcomings, ensuring a stable overall export performance.

Turmeric is currently experiencing renewed buying interest, as evidenced by a 0.97% increase in open interest coupled with rising prices, suggesting the establishment of new long positions. Immediate support is established at Rs 20,584, with subsequent support at Rs 20,220. Resistance levels are identified at Rs 21,206 and Rs 21,464. A sustained move above resistance could extend the upward trend, whereas a break below support may trigger corrective profit booking.