Turmeric Market Stable Amid Strong Supply and Moderate Demand

03-May-2025 01:53 PM

Turmeric Market Stable Amid Strong Supply and Moderate Demand


Mumbai. Turmeric prices continue to exhibit stability across major wholesale markets in India due to good supply volumes and moderate domestic and export demand. The market remains under slight pressure, although signs of a pickup in buying activity could shift sentiment in the near term.

Key Market Highlights:

  • Arrival volumes remain high in major producing states like Telangana, Andhra Pradesh, and Maharashtra, with 50,000 to 75,000 bags arriving daily.

  • Demand from local traders, exporters, and processors remains below average, especially after Ramadan, leading to a marginal decline in spot and futures prices.

  • Producers are withholding supply, reacting to softer prices and hoping for a rebound during peak wedding and festival seasons.

Production and Crop Conditions:

  • Area under turmeric cultivation rose by ~10% to 3.30 lakh hectares in the 2024-25 season.

  • However, unseasonal rains damaged the crop in some areas (notably Nanded, Maharashtra), causing an estimated 10–15% drop in average yield.

  • As a result, total output may fall short of earlier expectations despite increased sowing.

Export and Import Trends:

  • Exports up 13% YoY: From April 2024 to January 2025, India exported approximately 1.49 lakh tonnes of turmeric.

  • January exports fell 23.17% vs. December, but still 12.2% higher YoY.

  • Imports have also surged, boosting domestic availability and cushioning the market from tighter supply.

Price Outlook:

  • Nizamabad mandi rates are currently around ₹14,600 per quintal.

  • With the Lagnasara season underway and upcoming auspicious events in northern India, domestic demand may increase.

  • Export demand recovery will be the key driver for any upward price movement.

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