India: Turmeric gains on active buying despite higher arrivals

• Farmer stock liquidation ahead of kharif sowing increases supplies
• Lower carry-forward inventories continue to underpin sentiment

Turmeric prices in India rose 1.63% to settle at INR 16,918 per quintal on 18 June, supported by active buying interest despite increased arrivals across key producing markets. The market remained supported by lower carry-forward stocks and steady domestic demand, although higher arrivals from farmer-held inventories capped gains.

Farmers have accelerated stock liquidation to generate liquidity for ongoing kharif sowing activities, leading to improved market arrivals during the post-harvest marketing period. In Tamil Nadu’s Perundurai Regulated Market, arrivals were reported at 952 bags, of which 817 bags were sold. New finger turmeric traded at INR 11,599-14,989 per quintal, while bulb varieties were quoted at INR 10,516-13,236 per quintal.

Export demand shows mixed signals

Export demand remained broadly stable on a cumulative basis, although fresh orders from Europe and the United States slowed during the week amid increased competition in global markets. India’s turmeric exports stood at 12,559.72 tonnes in March 2026, down 16.8% y-o-y. However, shipments increased 10.14% from February, indicating a recovery in monthly buying activity. Total exports during the April-March marketing year were nearly unchanged from the previous year, reflecting the resilience of long-term overseas demand.

Lower inventories limit downside risk

Supply-side pressure persists due to arrivals of late-harvested, high-moisture turmeric, which have attracted quality discounts in several markets. Reports of rhizome rot and quality deterioration in some producing regions have also weighed on seller sentiment.

However, lower carry-forward stocks, estimated at around 1.5 million bags compared with more than 2 million bags last season, continue to provide a supportive market backdrop. Additionally, demand for IPM-certified turmeric from the European Union and steady procurement inquiries from Bangladesh have helped maintain buying interest.

Outlook

Turmeric prices are expected to remain steady to firm in the near term. While increased arrivals from farmer-held stocks may limit sharp upside, lower carry-forward inventories and consistent domestic and export demand are likely to keep downside risks contained.