Turmeric prices rose by 1.69% at ₹15,200 due to lower-than-expected arrivals and strong buying interest. The demand for turmeric has been robust, with shipments reaching a four-year high and exports jumping by 12.93% from April to January 2025.
However, imports have also risen by 70.13%, indicating a growing reliance on foreign supplies. The market faces supply challenges, with the Nanded region expected to experience a 10-15% drop in yields due to factors like small rhizomes and crop rot.
Despite increased cultivation area, weather-related issues are expected to limit production. The production for this season is expected to remain close to last year’s output of 10.75 lakh tonnes, with only minor fluctuations of 3-5%.
