New Delhi. Turmeric prices have risen by ₹12-15 per kg during the current week. It is noteworthy that clear weather is currently prevailing in major producing states, leading to reports of losses. Sources say that while reports of 15-20 percent losses are being received in the Nizamabad region, losses of 10-15 percent are also being predicted in Marathwada. However, trade estimates indicate a 25-30 percent increase in the area under turmeric cultivation at growing centers during the current season. Sources believe that despite the losses, the upcoming turmeric crop will be higher than last year. Because the crop receives adequate water, per-hectare productivity will increase in fields where water has not accumulated. Turmeric is primarily produced in Maharashtra, Tamil Nadu, Telangana, and Andhra Pradesh. Arrivals of the new turmeric crop will begin first on the Nizamabad line, likely by the end of January.

Recent increases in turmeric prices by ₹12/₹15 per kg have led to increased arrivals in the markets. Arrivals at the Erode market have increased to 4,500/5,000 bags daily. While the Hingoli market in Marathwada is receiving 7,000/7,500 bags and Basmati 3,000/4,000 bags. Due to stock shortages, arrivals at the Nizamabad, Duggirala, and Warangal markets are at 300/500 bags.

Traders believe that due to the short-term rise in turmeric prices, profit-booking is prevalent in the market. This may lead to temporary declines in prices. However, the future is promising. Due to low stocks at producing centers, prices are expected to rise again in the coming days. Currently, the price of single polished bundle turmeric in the Delhi market is being quoted at ₹142/144 per kg, compared to ₹126/128 per kg in September. Sources believe that prices are expected to remain bullish in November due to the expected improvement in buying by local and exporters. Turmeric prices also rose sharply in the futures market during the current week. October turmeric futures opened at ₹12,170 and closed at ₹13,500, while December futures closed at ₹14,718 at the end of the week. The price had opened at ₹12,652 at the beginning of the week.

Informed sources indicate that current turmeric stocks at both producing markets and consumption centers are estimated to be 2.5-2.8 million bags. According to one estimate, the stock in Marathwada is estimated to be 8.10 million bags. Sangli is expected to have 3.50 million bags. Nizamabad is expected to have 3.4 million bags. Stocks in Duggirala and Warangal are estimated to be 2.3 million bags each. Furthermore, trade estimates indicate a stock of 5.6 million bags at consumption centers.

Due to low turmeric prices during the current season, export earnings declined by 5 percent, while volumetric exports increased by 2 percent. According to data released by the Spices Board, during the first four months of the current season (April-July 2025), turmeric exports amounted to 63,020 tons, generating export revenue of ₹965.84 crore. During the same period last year, turmeric exports were 61,610 tons, generating export revenue of ₹1,011.59 crore. The total export of turmeric during the year 2024-25 was 176325.34 tonnes and the income received till export was Rs 2885.39 crore.