Weekly Review – Turmeric
02-May-2026 08:31 PM
Turmeric Prices Under Pressure Due to Weak Demand: However, No Major Downturn Expected
New Delhi. During the current week, turmeric prices traded with a bearish undertone. Although the arrival of new turmeric at markets in key production centers did not meet expectations, prices remained soft due to sluggish off-take in the spot market. Industry sources suggest that a significant further decline in current prices is unlikely. This is because the bulk of the arrivals has already commenced in the major producing regions—specifically the Erode, Nizamabad, and Sangli belts. While arrivals are expected to remain robust in the Marathwada belt over the coming days, inflows have already begun to taper off in other regions. Due to adverse weather conditions, turmeric production during the current season is unlikely to meet initial expectations. It is noteworthy that turmeric sowing in the producing centers covered an area 30–35% larger than that of the previous year; however, subsequent adverse weather—with the exception of the Erode belt—has caused crop damage in other regions. Consequently, the country's total turmeric production this year is projected to be limited to approximately 80–82 lakh bags, compared to last year's output of 70–75 lakh bags.
Arrivals
According to informed sources, daily arrivals in the Nizamabad belt have dropped to 4,000–5,000 bags, as the majority of the produce has already reached the markets. Sources estimate that the Nizamabad belt has already witnessed arrivals totaling 9–10 lakh bags against a total estimated production of 12–13 lakh bags. Similarly, the Erode belt has recorded arrivals of approximately 8–9 lakh bags of turmeric, while the estimated total production for the region stands at 13–14 lakh bags. Reports from the Sangli belt indicate that approximately 70–75% of the produce has already arrived, with the region's total yield for the year estimated at 10–12 lakh bags. The arrival of fresh produce along the Marathwada belt is not increasing as expected, as farmers have begun withholding their stock due to unremunerative prices. At the Nanded market, arrivals currently stand at 4,000–5,000 bags, whereas in Basmat, the inflow is running at 8,000–10,000 bags. Arrivals in Hingoli also remain limited. For the current year, turmeric production along the Marathwada belt is estimated to reach 30–32 lakh bags. Furthermore, arrivals along the Warangal and Duggirala belts are lower than projected estimates. Arrivals in Warangal are recorded at 2,500–3,000 bags, while in Duggirala, they stand at 1,500–2,000 bags.
Prices
During the current week, turmeric prices were quoted with a bearish bias. Driven by weak demand and subdued rates in the futures market, turmeric prices across markets in key production centers witnessed a decline of ₹200–₹300 per quintal. In the Delhi market as well, the price for 'Single Polish Gathha' (whole turmeric) has dropped to ₹150–₹152, down from the ₹155–₹156 range quoted in recent days. Market sources suggest that there is little likelihood of any further significant decline in current prices. This is because, given the reduced yield and depleted carry-over stocks, prices are expected to remain firm in the coming days.
Exports
According to data released by the Spices Board, during the first ten months (April 2025 – January 2026) of the current financial year (2025–26), turmeric exports totaled 151,933 tonnes, generating export earnings of ₹2,445.51 crore. In comparison, during the April 2024 – January 2025 period, turmeric exports stood at 148,691 tonnes, yielding export earnings of ₹2,425.87 crore. For the full financial year 2024–25, total turmeric exports amounted to 176,325 tonnes.