Lower demand influences prices
Potato 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.
With the rainfall picking up in the last few weeks, prices for agri-commodities like sugar, turmeric, potato, pepper and cotton have gone down.