Despite higher sowing of turmeric, continuous rainfall in recent days has caused around 40% damage in the Nizamabad line. In Tamil Nadu, too, 30�35% of turmeric rhizomes are reportedly smaller than usual, lying under the soil. Meanwhile, tight liquidity in the market and heavy losses incurred by traders over the years have led to older stock being sold at bargain prices. Producers in mandis have now started quoting ₹144�145 per kg, showing significant gains at these levels. The futures market has been rising, which has increased demand from speculators over the last two days. Consequently, spot turmeric prices have also strengthened, and there is potential for an increase of around ₹10 per kg in the coming days. According to the latest survey report, 50�60 bags of new turmeric arrived in Nizamabad mandi, and these were found to be completely spoiled. This confirms the 40% loss estimate. The damage is largely due to unseasonal October rains, which affected areas with higher sowing. Additionally, once the rhizomes develop underground, excess water caused oxygen deficiency, resulting in significant rot in many regions. Traders and farmers in major producing areas�Erode, Warangal, Duggirala, Kadapa, and Maharashtra (Sangli, Nizamabad line)�are now quoting 35�40% lower volumes. The ongoing month has seen active forward contracts, keeping spot supply limited as sellers are holding back. Currently, Erode Warangal �edge� turmeric is being quoted at ₹151�152 per kg, and supplies at these rates are scarce. Once demand picks up, prices could jump by ₹10 per kg. For reference, turmeric prices last month were around ₹142�143 per kg. It is important to note that turmeric should not get water during growth, but some regions experienced multiple days of rainfall last month. Sangli line faced similar conditions, indicating further potential for price increases. Given the recent weather impact on producing areas, new turmeric arrivals are likely to sell at ₹168�170 per kg in the spot market before the new harvest comes in.