Turmeric prices edged up 0.87% to ₹14,388, recovering slightly after earlier declines. The small increase was due to traders buying back previously sold turmeric (known as short covering). However, demand for turmeric in India and other countries remains weak, which was responsible for the earlier price fall.
The quantity of turmeric entering the markets increased to 13,660 quintals, from 11,940 quintals the previous day, indicating that there is now more supply. Turmeric cultivation is expected to increase by 15–20% in 2024–25.
However, even if more land is used for turmeric, the total production will not increase much. Unseasonal rains and crop problems – especially in the Nanded region – could reduce the yield by 10–15%. Last season, India produced 10.75 lakh tonnes of turmeric, but this year the production may be slightly lower due to quality issues.
And the turmeric harvest will continue till June. In terms of exports, turmeric exports increased by 8.83% in FY2025 compared to the previous year. But March exports were 13.41% lower than the previous March, although they improved by 20.39% compared to February.
