Potato futures prices declined by Rs 1.70, or 0.34 per cent, to Rs 492.40 per quintal today after speculators booked profits amid weak trend at spot markets on subdued demand.
Adequate stock position at spot markets followed by increased arrivals from the producing regions also put pressure on the potato prices at futures market here.
At the Multi Commodity Exchange platform, potato for delivery in August contract declined by Rs 1.70, or 0.34 per cent, to Rs 492.40 per quintal, with a trading volume of 72 lots.
The potato for delivery in July contract also traded marginally lower by Rs 1.50, or 0.31 per cent, to Rs 486 per quintal, with a business volume of 95 lots.
Traders said speculators booked profits at existing higher levels and a weakening trend at the spot market mainly led to a fall in potato prices at futures trade.
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