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Potato falls 1.3% on increased supply

Lower demand influences prices

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prices fell by Rs 16.50 to Rs 1,258 per quintal in futures trade today on increased supplies from producing belts against lower demand.

At the Multi Commodity Exchange, potato for delivery in October fell by Rs 16.50, or 1.29%, to Rs 1,258 per quintal, with a business turnover of 28 lots.

September potato declined by Rs 7.90, or 0.65%, to Rs 1,190.20 per quintal, with a business turnover of 19 lots.

Experts said increased supplies from producing belts in the spot markets against lower demand kept pressure on potato futures.

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