Turmeric Prices Climb as Tight Stocks Meet an Uncertain New Crop.
Turmeric prices have moved up sharply in recent weeks, and the market points to further rises ahead, meaning buyers who secure cover now stand to pay less than those who wait.
Why are Turmeric Prices Rising?
We’re seeing turmeric prices rise by approximately USD 200–300/MT in recent weeks, driven by a smaller crop last season and growing market expectations of tighter future supply as El Niño conditions weigh on the 2026–27 crop. If you haven’t secured your requirements yet, this is the moment to have that conversation with us.
- New crop pressures from El Nino
- Sowing is delayed
- Carry over stocks are tight
What does this mean for our customers?
With material availability expected to tighten from August onwards until the next harvest, grower-side sentiment points to prices continuing to climb in the months ahead.
Continued strength in NCDEX futures is underpinning spot prices, and availability of IPM/low-residue compliant material remains limited, keeping premiums firm for buyers who need certified supply. IPM compliance is the standard our own turmeric supply is held to, so this is the segment worth watching most closely: as good-quality compliant stock tightens further, buyers who haven’t secured volumes risk paying a growing premium or facing limited availability altogether.
Next steps
Given the combination of a tightening carry-over position, a weather-exposed new crop, and fast-moving spot prices, we’re recommending customers cover their turmeric requirements through to Q1 FY27 to manage exposure to further price rises. We’re also able to source Rainforest Alliance certified turmeric at a competitive price. The certification gives you independently audited assurance that the crop meets recognised sourcing and compliance standards, useful reassurance at a time when good-quality, fully compliant material is harder to come by.
If you’d like to discuss locking in cover through Q1 FY27, get in touch with the team.
For more information on the turmeric market, download our full report and get in touch with the team today to discuss covering your volumes.