Turmeric concluded with a slight increase of 0.14% at Rs. 26,316, buoyed by constrained pipeline supplies, reduced acreage forecasts for the forthcoming season, and apprehensions regarding unfavourable weather patterns in key production areas.However, prices encountered profit booking following the recent rally, while international enquiries from Bangladesh, the Middle East, and Southeast Asia experienced a temporary slowdown as buyers anticipated price stability. Physical trading activity in Nizamabad, Sangli, and Erode has become more cautious, characterised by a reduced offtake at the current price levels.
Total arrivals declined to around 6,000 bags, approximately 2,000 bags lower than the previous session, providing underlying support. Weather conditions continue to play a crucial role, with ongoing dry spells in Maharashtra potentially impacting crop growth and yields, whereas anticipated cyclonic rainfall in South India heightens worries regarding possible crop damage. However, enhanced monsoon activity in Maharashtra, Telangana, and North Karnataka, coupled with improved reservoir levels in Telangana and Andhra Pradesh, has alleviated certain apprehensions regarding crop failures.
Industry estimates suggest carry-forward stocks of approximately 15 lakh bags, a decrease from over 20 lakh bags in the previous season, underscoring a tighter availability scenario. Meanwhile, robust demand for Integrated Pest Management certified turmeric from Europe is bolstering compliant stocks, although more stringent European Union maximum residue limit regulations are exerting pressure on non-compliant commercial grades. India’s turmeric exports declined 14% year-on-year to 14,736 tons in August 2026 from 17,136 tons a year earlier. However, cumulative exports during April-August rose by 4% to 65,476 tonnes, compared to 63,020 tonnes in the same period last year.
In August, exports to the UAE, Netherlands, and Brazil experienced notable increases of 50%, 57%, and 37%, respectively. Conversely, shipments to Bangladesh saw a significant decline of 85%. In Nizamabad, spot prices concluded at Rs. 24,954.10, reflecting a decline of 0.11%.Technically, the market is experiencing new buying activity, with open interest rising by 0.39% to 17,895 contracts, while prices have increased by Rs. 36, suggesting the establishment of new bullish positions. Turmeric is getting support at Rs. 26,070, below which prices could test Rs. 25,830, while resistance is placed at Rs. 26,520. A sustained move above this level could push prices towards Rs. 26,730.
