Turmeric prices are expected to remain strong until the arrival of the new crop, with several factors contributing to this trend.

The combination of increased domestic and export demand, coupled with a decrease in supply from key producing regions, has shifted the market towards a bullish outlook.

The supply situation in major markets like Erode and Warangal is tightening, and there is a backlog of deliveries that were contracted in futures exchanges, adding pressure on suppliers to fulfill their commitments.

Despite reports of a good increase in turmeric sowing earlier, the actual increase has been only modest, and the crop has faced damage due to floods and rains, limiting potential growth in production.

The sowing areas in regions like Sangli and Nizamabad have remained at average levels, with stocks from previous seasons also dwindling. As a result, the old stock of turmeric is in short supply.

Experts predict that the turmeric market could see price increases of ₹1000-2000 per quintal as the current marketing season ends, especially with the upcoming demand for the festival season (Lagnasara) and Ramzan. However, there remains a note of caution due to the market’s inherent volatility.

The arrival of the new crop, expected around February-March, is still a few months away, and for now, stockists are holding on to their remaining supplies.

As the new season approaches, the situation could stabilize, but for the time being, strong prices seem likely to continue.