News Capsule: Turmeric witnessed a mixed trend in the futures market today.
06-Nov-2025 05:22 PM
News Capsule: Turmeric witnessed a mixed trend in the futures market today.
★ Today, December 2025 turmeric futures rose marginally by 0.68% to ₹14,720 per quintal, while May futures declined by 0.93% to ₹13,002 per quintal. Favorable monsoon rains this year are expected to boost turmeric acreage. Preliminary estimates suggest that in 2024–25, turmeric acreage could rise by 15–20% to around 3.30 lakh hectares, compared to 3 lakh hectares last year.
★ However, heavy rainfall in major producing regions such as Maharashtra, Andhra Pradesh, and Karnataka has affected yields and damaged crops. Around 15% of the turmeric-growing area in Nanded has been impacted, while high humidity in Erode has led to disease outbreaks and storage challenges. Market arrivals remain limited, with turmeric stocks in Warangal estimated at around 1.25–1.50 lakh bags and no fresh inflows in recent days. Strong buyer interest continues in Duggirala, where the quality of the new crop is superior, with daily trade volumes ranging between 1,000 and 1,200 bags.
★ Between April and August 2025, turmeric exports increased by 3.31% to 80,156 tonnes, including a year-on-year rise of 7.27% in August.
★ The market witnessed long liquidation, with open interest falling by 0.04% to 11,700 as prices declined by ₹54. Turmeric now finds support at ₹14,438, and a break below could test ₹14,254. Resistance is seen at ₹14,850, and a move above may push prices toward ₹15,078.
Important Disclaimer:
This report is for informational purposes only I-Grain India does not take any responsibility for profits or losses and does not promote any specific market movement (bullish or bearish). *Please make decisions based on your own judgment and understanding.
