Potato falls 2.3% on supply pressure

Potato prices fell Rs 25.80 to 1,090 per quintal in futures trade today, owing to adequate stocks in the market following heavy arrivals from producing regions against lower demand.

At the Multi Commodity Exchange, the May delivery fell by Rs 25.80, or 2.31%, to Rs 1,090 per quintal with a business volume of 171 lots.

The April contract declined by Rs 18.60, or 1.80%, to Rs 1,012.10 per quintal, with a business volume of four lots.

Marketmen said comfortable stocks following higher supplies from producing belts in the physical markets mainly put pressure on the potato futures prices.