The turmeric market remains firmly under India’s leadership, with the country securing 66% of the global trade and exporting 176,325 metric tons last fiscal year. Maharashtra continues to spearhead export value, contributing USD 155.35 million, followed by West Bengal and Kerala. Despite brief volatility in 2022, India has consistently accounted for over 60% of global turmeric exports in the past five years, underscoring a robust supply base and trusted quality.
This leadership is further solidified by the sustained demand from top importers like Bangladesh, UAE, USA, Malaysia, and Morocco. Robust export infrastructure and support across 14 states highlight a distributed production network beyond Maharashtra, signifying resilience against localized disruptions. Stable domestic prices underline a steady market environment, while international traders watch India’s yields and weather patterns closely. As we head into the coming weeks, attention is turning to monsoon progress across producing states — a key variable for the next harvest and global supply stability.
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Turmeric whole
FOB 2.60 €/kg
(from IN)
Turmeric powder
FOB 3.41 €/kg
(from IN)
Turmeric dried
finger salem,double polished, grade A
FOB 1.65 €/kg
(from IN)
📈 Prices: Recent Market Overview
| Product | Origin | Location | Type | Delivery | Price (EUR/kg) | Previous Price | Last Update | Sentiment |
|---|---|---|---|---|---|---|---|---|
| Turmeric whole | IN | New Delhi | Organic | FOB | 2.60 | 2.60 | 2025-08-14 | Stable |
| Turmeric powder | IN | New Delhi | Organic | FOB | 3.41 | 3.41 | 2025-08-14 | Stable |
| Turmeric dried (Salem, grade A) | IN | Telangana | Non-organic | FOB | 1.65 | 1.65 | 2025-08-14 | Stable |
| Turmeric dried (Nizamabad, grade A) | IN | Telangana | Non-organic | FOB | 1.54 | 1.54 | 2025-08-14 | Stable |
🌍 Supply & Demand Drivers
- Export Dominance: India commands a 66% share of global turmeric trade; 14 states contribute to export flow.
- Top Importers: Bangladesh, UAE, USA, Malaysia, and Morocco are the main destinations for Indian turmeric.
- State Leaders: Maharashtra leads in value, with significant shares from West Bengal and Kerala.
- Consistent Performance: Over five years, India’s share in global exports remains over 60% (except a brief 2022 dip).
- Active Trade Corridors: Export corridors remain robust, supporting resilient demand despite global headwinds.
📊 Fundamentals: Key Insights
- India’s export value reached an all-time high led by Maharashtra, showing financial strength in export markets.
- Price stability (EUR 1.54–3.41/kg FOB in August 2025) reflects ample inventories and optimistic supply outlook.
- Stable prices are also a result of consistent quality and year-round demand from overseas buyers.
- Speculative activity is moderate, with little evidence of hoarding or speculative price spikes in major producing regions.
- Global inventories outside India remain modest, keeping importers dependent on Indian crop developments and logistics performance.
🌦 Weather Outlook & Crop Impact
- Indian Monsoon: The 2025 monsoon has progressed on schedule across Maharashtra, Telangana, Andhra Pradesh, and Tamil Nadu. Current IMD data indicates above-average rainfall for August in all key turmeric-growing regions and soil moisture levels are favorable for plant development.
- Pest and Disease Pressure: No significant outbreaks reported; local extension agencies report standard vigilance and farm practices.
- Yield Outlook: With timely and sufficient rainfall, the 2025/26 crop is expected to maintain or slightly exceed the previous year’s output, supporting export continuity.
🌐 Global Production & Stock Comparison
| Country | 2024/25 Output (est., MT) | Market Share | Stock Trend |
|---|---|---|---|
| India | ~950,000 | ~80% | Stable |
| Bangladesh | ~45,000 | ~4% | Stable |
| Myanmar | ~40,000 | ~3.5% | Declining |
| Other (Nigeria, Thailand, etc.) | ~120,000 | ~12.5% | Increasing moderately |
Note: Indian exports dwarf global peers; other origin stocks too limited to meaningfully impact global flows.
📆 Trading Outlook & Recommendations
- 📌 For Exporters: Maintain regular shipments as demand remains robust, but monitor potential delays during peak monsoon logistics.
- 📌 For Importers: Secure forward contracts for Q4 2025 and Q1 2026 to lock in current price stability.
- 📌 For Processors & Blenders: Favor bulk purchases of dried turmeric variants from Maharashtra and Telangana; quality and consistency are ensured this season.
- 📌 For Speculators: Market fundamentals suggest a stable to slightly bullish trend barring weather disruptions; avoid aggressive short positions.
- 📌 Risk Watch: Monitor weather anomalies, especially in Maharashtra and Telangana, and trade policy updates in major importing countries.
🔮 3-Day Regional Price Forecast (FOB, EUR/kg)
| Product | Origin | Current | Forecast Low | Forecast High |
|---|---|---|---|---|
| Turmeric whole | New Delhi | 2.60 | 2.60 | 2.65 |
| Turmeric powder | New Delhi | 3.41 | 3.41 | 3.45 |
| Turmeric dried (Salem, grade A) | Telangana | 1.65 | 1.65 | 1.68 |
| Turmeric dried (Nizamabad, grade A) | Telangana | 1.54 | 1.54 | 1.57 |
Price outlook remains steady to slightly bullish, anchored by favorable weather and solid export bookings.
