Turmeric Market Update-August 2026
We wanted to share a brief update on the current Turmeric market, as prices have shown a significant upward trend.
Price Snapshot (Raw Material)
| Metric | Price |
|---|---|
| Current Price | USD 2.28/kg |
| Recent Trading Price Range | USD 2.19 – 2.28/kg |
| 52-Week Range | USD 1.22 – 2.30/kg |
52-Week Price Movement
Turmeric has nearly doubled in price over the past year, rising from around USD 1.22/kg to USD 2.28/kg currently – an increase of approximately 87%, with the 52-week high touching USD 2.30/kg.
Key Drivers
Supply: Monsoon sowing is underway (May-August) across Telangana, Maharashtra, and Karnataka, with favourable soil moisture supporting healthy crop development.
However, harvest is still 7-9 months away, so current pricing reflects the low stock level holdings.
Demand: Domestic consumption remains steady, and export demand from Europe and North America continues to be strong.
Export-grade organic turmeric is commanding premium pricing. West Asian demand is comparatively softer due to currency and geopolitical factors.
Outlook
We expect prices to consolidate within the USD 2.19 - 2.30/kg range over the next 2-3 weeks, with the overall scenario remaining bullish.
Key risks to monitor include excess rainfall affecting crop quality, also El Nino effect in the growing areas.
The underlying trend continues to favour higher prices.
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