Turmeric prices edged higher by 0.23% to settle at Rs. 28,414, as tight pipeline supplies, lower acreage estimates and concerns over adverse weather conditions supported the market, although profit booking emerged after the recent sharp rally. Overseas inquiries from Bangladesh, the Middle East and Southeast Asia temporarily slowed as buyers awaited price stability, while physical trading across Nizamabad, Sangli and Erode remained cautious due to elevated prices. Total arrivals declined to approximately 6,000 bags, around 2,000 bags lower than the previous session, providing additional support.
Weather conditions remain a major concern, with persistently dry conditions across Maharashtra potentially affecting crop growth and yields, while forecast cyclonic rainfall in South India could create further uncertainty depending on its intensity and timing. However, improved monsoon activity across Maharashtra, Telangana and North Karnataka, along with better reservoir levels in Telangana and Andhra Pradesh, has eased immediate crop failure concerns. Re-sowing in North Karnataka has also been completed following rainfall, improving crop prospects. Carry-forward stocks are estimated at around 15 lakh bags against more than 20 lakh bags last season, indicating a tighter availability position.
Meanwhile, stronger demand for Integrated Pest Management certified turmeric from European buyers is supporting compliant stocks, although stricter European Union maximum residue limits have created challenges for non-compliant supplies. India’s turmeric exports declined 14% year-on-year to 14,736 tonnes in August 2026, compared with 17,136 tonnes a year earlier. However, cumulative exports during April-August increased 4% to 65,476 tonnes.
Shipments to the UAE, Netherlands and Brazil increased 50%, 57% and 37%, respectively, while exports to Bangladesh declined sharply by 85%. In Nizamabad, a major spot market, prices declined 0.11% to Rs. 24,954.10. Technically, turmeric is witnessing fresh buying, with open interest increasing 1.29% to 19,190 contracts alongside a price gain of Rs. 66, indicating fresh long positions. Support is placed at Rs. 28,160, followed by Rs. 27,910, while resistance is seen at Rs. 28,560, above which prices could test Rs. 28,700.
