Turmeric prices fell by 1.07% due to reduced buying interest due to speculative rally in the last week. Although the area has increased by 10% to 3.30 lakh hectares this season compared to the previous 3 lakh hectares, it is predicted that if the rains do not come on time, it will hamper a significant growth in production. In fact, productivity in important areas like Nanded is expected to fall by 10–15%, and the overall production will be the same as last year’s 10.75 lakh tonnes, or perhaps vary by 3–5%. The arrivals are lower than expected, which is keeping supplies tight and triggering significant buying activity, keeping the market negative.
Export trends are strong, with turmeric exports growing by 12.93% year-on-year to 1.49 lakh tonnes during April-January 2025, a four-year high. While January 2025 exports saw a decline of 23.17% compared to December, they still increased by 12.18% compared to January 2024. As for imports, the figures increased by 70.13% during the April-January 2025 period,
