No possibility of sharp rise or fall in the price of turmeric due to normal supply and weak demand
31-May-2025 12:05 PM
Nizamabad. Producers and stockists currently have a good stock of turmeric, and sowing has already begun for the upcoming crop.
However, domestic and export demand for turmeric has slowed significantly, which is putting pressure on prices.
Demand remains weak across all three major producing and trading centers—Nizamabad in Telangana, Sangli in Maharashtra, and Erode in Tamil Nadu. While producers have sold most of their stock, traders and stockists are now struggling to sell their inventory at profitable rates.
At the national level, the weighted average price of turmeric has declined to Rs 126–127 per kg, compared to Rs 163–164 per kg last year.
On the futures exchange, the price of turmeric for the August contract has dropped below Rs 140 per kg. In Nizamabad, good quality polished turmeric is currently priced at around Rs 143 per kg.
According to trade analysts, there is little chance of a significant price increase in the coming months, and a decline is more likely.
With a previous outstanding stock of 20–25 lakh bags, the market may continue to face downward pressure.
Although turmeric arrivals in Telangana and Maharashtra have started decreasing, supply still exceeds demand, leading to limited business and softer prices.
About 50–55 percent of turmeric has already been traded in Duggirala Mandi in Andhra Pradesh. In some areas of the state, harvesting and post-harvest preparation are still ongoing, so new arrivals may continue until June. Some trade is taking place, but prices are not showing any notable upward movement.
For the 2024–25 season, domestic production of turmeric is expected to increase to 82–85 lakh bags. However, both domestic and export demand remain weak.
The India-Pakistan dispute has further slowed demand, and exports to Bangladesh are now routed by sea, as the land route remains closed.
Between April 2024 and February 2025, turmeric exports from India increased by 12 percent to 1.61 lakh tonnes, while export earnings surged by 60 percent to $311.58 million.
Despite the current weak market prices, a good increase in turmeric sowing area is expected for the 2025–26 season. Sowing has already begun in Nizamabad.