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Informist, Monday, Feb. 9, 2026

 

MUMBAI – Turmeric prices on the National Commodity and Derivatives Exchange opened lower Monday due to higher acreage under the crop, although arrivals have been below normal, Kedia Advisory said in a note. At 1140 IST, the April turmeric futures on NCDEX were trading down 1.22% at INR 15,850 per 100 kg. It had opened at INR 16,072 and later fell to INR 15,700. 

 

"Turmeric prices corrected sharply as the market reacted to an increase in acreage following favourable rains during the current sowing season," it said.

However, while higher planting has raised expectations of improved availability, actual supply growth is likely to remain moderate as weather irregularities, unseasonal rainfall and disease pressure have offset part of the acreage gains, particularly in Maharashtra, Andhra Pradesh and Karnataka, impacting yield, Kedia Advisory pointed out.  

 

"Despite localised yield losses of 15–20% in parts of Marathwada, higher acreage could still lift Maharashtra's production, while other states are also seen contributing higher volumes," it said.

 

Further, arrivals remained below normal and the downside appears limited, as both farmers and stockists are reportedly holding much lower inventories.

 

For the 2025–26 season, turmeric acreage is estimated at 302,000 hectares, up about 4% on year, with fresh production projected a bit higher at 1.14 million tonnes. But lower carry-forward stocks are expected to cap overall availability.

 

According to SMC Research, turmeric prices are likely to fall with gradual improvement in new-crop arrivals across key producing belts

weighing on the market sentiment. "Arrivals with higher moisture content and softer spot prices have reinforced the downside risk, while rising supplies in the coming months could keep prices capped," it said.

 

Overseas markets are supportive, with export increasing 29% on year to 16,041 tonnes in November compared to 12,072 tonnes in the same time last year. Based on the recent data, total turmeric exports are estimated to improve 181,000 tonnes during 2025-26 (Apr-Mar) compared to 179,000 tonnes a year ago.

 

From a technical perspective, the market is under fresh selling, with open interest up 0.5%. Turmeric is seen trading in the INR 15,280-INR 17,184 range during the day, Kedia Advisory said.  End

 

Reported by Abhijit Doshi

Edited by Tanima Banerjee

 

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