New Delhi. Turmeric prices rose during the current week. Due to low stocks at production centers, market sentiment remains bullish. Prices were quoted higher in both the futures and spot markets during the current week. In the futures market, the December turmeric contract opened at Rs. 14,252 and closed at Rs. 15,520 at the end of the week. The April futures contract closed at Rs. 16,360 at the end of the week, after opening at Rs. 14,726.

Due to low stocks at production centers, arrivals in the markets have decreased. According to available information, arrivals in the Marathwada markets have fallen to 6,000-7,000 bags. Arrivals in Nizamabad are currently 700-1,000 bags, while in Erode they are 2,000-2,500 bags. Warangal and Duggirala are seeing arrivals of 300-400 bags.

Due to increased area under turmeric cultivation at production centers, there are reports of higher turmeric production in the country for the second consecutive year. However, the increase in production will not be proportional to the increased area under cultivation, as there are reports of crop damage in some areas after sowing. Nevertheless, production will be higher than last year. According to available information, turmeric production in the country was 50-55 lakh bags in 2024, which increased to 70-75 lakh bags in 2025. Based on information received from production centers so far, turmeric production in 2026 is estimated to be 80-85 lakh bags.

According to informed sources, the stock of turmeric at production centers during the current season, at the time of arrival of the new crop, will be lower compared to last year. It is noteworthy that last year, the stock of turmeric at production centers at the time of the new crop arrival was estimated at 18-20 lakh bags, which is expected to be only 10-12 lakh bags this year.

There is no possibility of a decline in turmeric prices in the near future because, on the one hand, the shortage of stock is leading to reduced arrivals in the markets, and on the other hand, the arrival of the new crop will only begin in January on the Nizamabad line. However, the arrival of dried turmeric will be in February. Until then, the demand for old stock turmeric will continue. Due to bullish news from production centers and weak local supply, the price of single-polished turmeric in the Delhi market during the current week has risen from Rs. 146-148 to Rs. 150-152 per kg.  Prices at production centers' markets have also increased by Rs. 5-6 per quintal during the current week. Experts say that the bullish trend in the market will continue. Given the current situation, it is expected that the price of single-polished turmeric in the Delhi market may soon touch the Rs. 160 level. It is noteworthy that in September, the price of turmeric in the Delhi market was Rs. 126-128, which increased to Rs. 140-142 in October. After touching the Rs. 148-150 level in November, profit-taking selling occurred in the market, and in the second half of November, the price fell to Rs. 143-144, which has now risen to Rs. 150-152.

In the first half of the current financial year 2025-26, a 4 percent increase in the quantity of turmeric exports has been recorded, but due to lower prices, there has been a 4 percent decrease in revenue. According to data released by the Spices Board, turmeric exports during April-September 2025 amounted to 96,680 tonnes, generating revenue of ₹1476.11 crore. In comparison, turmeric exports during April-September 2024 were 92,942 tonnes, with export earnings of ₹1531.04 crore. The total turmeric exports for the year 2024-25 (April-March) reached 176,325 tonnes.