Turmeric concluded the trading session with a 1.15% increase, reaching Rs. 28,348. This rise was bolstered by constrained pipeline supplies, reduced acreage forecasts for the forthcoming season, and apprehensions regarding unfavourable weather patterns in key production areas. However, active profit booking emerged following the recent sharp rally, while overseas enquiries from Bangladesh, the Middle East, and Southeast Asia temporarily slowed as buyers awaited price stability. Physical trading sentiment across Nizamabad, Sangli, and Erode has adopted a more cautious stance in light of the elevated prevailing prices. Nevertheless, reduced arrivals offered support, with total turmeric arrivals estimated at approximately 6,000 bags, reflecting a decline of around 2,000 bags from the prior session.
Weather conditions continue to pose significant challenges, as the ongoing dry spell in Maharashtra threatens to impact crop growth and yields in the absence of sufficient rainfall. Meanwhile, the anticipated cyclonic rainfall across South India raises apprehensions regarding the potential for excessive or poorly timed precipitation. However, enhanced monsoon activity in Maharashtra, Telangana, and North Karnataka, coupled with improved reservoir levels in Telangana and Andhra Pradesh, has alleviated certain concerns regarding crop failures. Industry estimates indicate that carry-forward stocks have decreased to around 15 lakh bags, down from more than 20 lakh bags in the previous season, underscoring a tighter availability scenario.
Meanwhile, India’s turmeric exports experienced a decline of 14% year-on-year, totalling 14,736 tonnes in August 2026, in contrast to 17,136 tonnes recorded in the same month the previous year. During the period from April to August, cumulative exports experienced a 4% increase, reaching 65,476 tonnes compared to 63,020 tonnes in the same timeframe last year. In August, shipments to the UAE, Netherlands, and Brazil experienced increases of 50%, 57%, and 37%, respectively, whereas exports to Bangladesh saw a significant decline of 85%. Demand for Integrated Pest Management certified turmeric from European buyers continues to bolster premium-quality stocks, while stricter European Union residue regulations exert pressure on non-compliant grades.
In Nizamabad, a significant spot market, prices experienced a decline of 0.11%, settling at Rs. 24,954.10.Technically, the market is experiencing new buying activity, as open interest has risen by 1.26% to 18,945 contracts, accompanied by a price increase of Rs. 322. Turmeric is presently encountering support at Rs. 28,170, with an additional level of support at Rs. 27,990. Resistance is established at Rs. 28,560. A sustained move above this level could extend the rally toward Rs. 28,770.
