Turmeric prices are witnessing a strong upward trend as continuous rainfall across major growing regions in southern India has caused significant crop damage, estimated at around 32–35%. Despite higher sowing this season, excessive rain and waterlogging in key producing areas such as Erode, Warangal, Duggirala, Kadapa, and Sangli–Nizamabad have severely impacted yields. While some traders are liquidating their holdings amid a market cash crunch and past financial losses, most producers and local traders are holding back stocks, signaling limited downside risk at current price levels. In the futures market, brisk buying activity has triggered a sharp ₹10 per kg jump as sentiment turned bullish. This has had a direct impact on Erode “gatta” turmeric, which has climbed nearly ₹15 per kg with expectations of further gains. Spot prices have followed suit, rising from ₹125–126 per kg earlier to ₹143–144 per kg currently. The ongoing rains, though no longer needed for the crop, continue to threaten fields—especially in Sangli, where waterlogging could inflict additional losses and push prices even higher. Over the past fortnight, futures trading volumes have surged, with prices soaring during the Diwali Muhurat session, followed by a brief correction and a sharp rebound. Traders inventories were quickly depleted last week, and the unofficial December futures contracts are now quoted at ₹148–149 per kg, while physical “dibba” turmeric trades at ₹145–147 per kg, even touching the upper circuit limit. Although international turmeric prices remain firm, domestic millers continue to hold limited old stock and are hesitant to sell at current high levels. With the next harvest still about four months away and substantial weather-related damage to the standing crop, market experts predict that turmeric prices could surpass ₹200 per kg before the arrival of the new season’s supply.