The turmeric market is witnessing a significant upswing in prices, driven by a stark supply-demand imbalance. Recent data indicates a concerning shortfall in production, with only 70 lakh bags available against an annual consumption of 130 lakh bags. This supply deficit has catalyzed a price surge, with turmeric prices increasing by $0.10 per kg over the past three days, and market trends suggest further escalation is likely.

As of April 2025, turmeric prices have climbed to $1.84–1.85 per kg for the current crop, with projections indicating potential spikes beyond $2.13 per kg. The tightening market is further evidenced by reduced arrivals in major trading hubs like Sangli and Nizamabad, where daily volumes have plummeted from 30,000–32,000 bags to just 10,000–11,000 bags. This report delves into the intricate dynamics of the turmeric market, analyzing current trends, fundamental drivers, and providing a forecast for the upcoming days.

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📊 Market Overview: Current Prices & Trends

📉 Key Market Drivers

• Significant reduction in production to 65 lakh bags.
• Low carryover stock of 5 lakh bags from previous years.
• Steady consumption patterns maintaining strong demand.

⛅ Weather Forecast – Key Growing Regions

Current weather conditions in major turmeric-producing areas like Telangana and Maharashtra are expected to remain dry over the next three days, potentially stressing the already limited crop yields.

🔮 Price Forecast – Next 3 Days

Given the current market conditions and weather forecasts, prices are expected to continue their upward trajectory, potentially reaching or exceeding $1.91 per kg in regions like Nizamabad and Salem.