Turmeric prices concluded the trading session with an increase of 1.65%, reaching Rs 28026, driven by active profit booking following a price rally attributed to constrained pipeline supplies and diminished acreage forecasts for the forthcoming season. Overseas enquiries from key destinations in Bangladesh, the Middle East, and Southeast Asia experienced a temporary slowdown as buyers anticipated price stability following the significant increase. Concurrently, physical trade sentiment in Nizamabad, Sangli, and Erode became somewhat cautious, reflecting a reduction in physical off-take.
However, the downside was constrained by increasing apprehensions regarding unpredictable weather patterns in key producing areas, alongside reduced daily arrivals projected at approximately 6,000 bags-around 2,000 bags less than the prior session-and tighter carry-forward stocks estimated at about 15 lakh bags compared to over 20 lakh bags from the previous season. Weather trends continue to play a crucial role, with Maharashtra facing ongoing dry conditions, while cyclonic rainfall is anticipated for South India. However, the revival of the monsoon across Maharashtra, Telangana, and North Karnataka, coupled with the replenishment of reservoirs, has alleviated some concerns regarding crop failures.
Stricter regulations from the European Union regarding Maximum Residue Limits have led to the rejection of lots that do not comply with Integrated Pest Management standards, while the demand for IPM-certified turmeric continues to show strong support. In August 2026, India’s export shipments experienced a year-on-year decline of 14%, totalling 14,736 tonnes. However, cumulative exports from April to August 2026 increased by 4%, reaching 65,476 tonnes. This growth was supported by significant increases in shipments to the UAE, the Netherlands, and Brazil, which compensated for substantial decreases in exports to Bangladesh and Saudi Arabia.
In the prominent spot market of Nizamabad, prices concluded with a decline of 0.11%, settling at Rs 24954.1 From a technical perspective, the market is witnessing new buying activity, as open interest has risen by 1.24% to reach 18710, accompanied by a price increase of Rs 454. Immediate support is established at Rs 27590, with a potential decline below this level indicating a target of Rs 27150. Conversely, resistance is anticipated at Rs 28430, and a breach of this level may propel prices toward Rs 28830.
