The turmeric market is currently under pressure as traders remain cautious due to high carryover stocks and weak demand. Before Diwali, turmeric is expected to find support around ₹11,400 per 100 kg and face resistance near ₹13,800. Some short-term firmness could emerge around the festival due to limited festive buying.

In the international market, demand remains subdued. The U.S., one of India’s key turmeric importers, has increased its import duty from 10% to 50%, leading to buyer hesitation amid broader economic uncertainty. As a result, Indian exporters are exploring alternative markets. Turmeric exports from India are projected at around 1,66,000 tonnes for FY 2025–26 (April–March), compared with 1,79,000 tonnes in FY 2024–25.

An improvement in prices is expected by December, as stocks decline and export activity picks up. Prices could rise to ₹15,000–₹15,500 per 100 kg. India currently holds about 30 lakh bags of turmeric (one bag ≈ 60 kg), which will gradually move into consumption during the upcoming wedding season, likely strengthening the market sentiment.

Due to delayed monsoon rains in South India and Maharashtra, the crop has suffered an estimated 18–20% damage, also affecting quality. The market is closely monitoring weather conditions, and the actual extent of crop loss will become clearer only after Diwali.