Turmeric Report as On 26th May 2026 by Amit Gupta- Kedia Advisory
* Turmeric prices declined over 4% monthly amid profit booking and sharply increased fresh market arrivals.
* NCDEX turmeric warehouse stocks surged 15% monthly to 9,705 tonnes, reflecting improved immediate market availability.
* Turmeric arrivals during May 1-18 jumped 130% year-on-year, significantly pressuring near-term domestic prices.
* Extreme Maharashtra temperatures above 42°C forced farmers into quicker sales due to rising storage losses.
* Weak export enquiries amid Middle East geopolitical tensions continued suppressing overseas turmeric demand sentiment significantly.
* March turmeric exports declined 17% annually to 12,560 tonnes, reflecting weaker international buying interest overall.
* Carry-forward turmeric stocks tightened sharply to 15 lakh bags, down nearly 28% from previous year.
* Unseasonal rainfall across Maharashtra’s turmeric belts damaged nearly 15% crop area, supporting medium-term market sentiment.
* Salem high-curcumin turmeric maintained strong premium near 21,040/quintal amid sustained pharmaceutical sector demand.
* Limited IPM-certified turmeric production created supply shortages for premium European and American supplement markets globally.
* Turmeric futures trading consistently above spot prices indicate bullish expectations for upcoming months ahead.
* Strong pharmaceutical and nutraceutical demand continues supporting premium curcumin-grade turmeric market prices significantly.
* IMD’s below-normal monsoon forecast threatens turmeric sowing prospects and future crop productivity across producing regions.
* Red Sea disruptions increased freight costs, potentially supporting Indian turmeric export premiums in UAE markets.
* Rupee weakness near record lows enhanced export competitiveness for Indian turmeric in global spice markets.
* Indonesia reported over 20% decline in turmeric sowing, potentially tightening future international turmeric supplies.
* Farmers accelerated turmeric arrivals fearing additional price declines amid rising supply and weak export demand.
