Turmeric futures fell by 5.92% to ₹14,168, following a price rally due to supply concerns and strong demand. However, the market remains supported due to lower-than-expected arrivals and robust export demand.
Exports during April- December 2024 surged by 13% to 136,921 tons, exceeding previous years. Production remains cautious due to untimely rains, raising concerns over productivity losses in key growing areas like Nanded.
The overall output is expected to match or slightly vary from last year’s 10.75 lakh tonnes, reflecting the disconnect between acreage and yield. Imports also jumped 84.35% to 19,644 tonnes during the same period, but December saw a 44% drop from the previous month.
The arrival of the new crop has started, offering some pressure, but slower-than-expected harvests are keeping sentiment firm.
