Potato prices fell further by Rs 29.90 to Rs 968.10 per quintal in futures trade today as speculators offloaded their positions due to less offtake in the spot market.
Adequate stocks position following increased arrivals from the producing regions weighed on the prices.
At the Multi Commodity exchange, potato for September delivery fell by Rs 29.90, or 3%, to Rs 968.10 per quintal, with a trade volume of 36 lots.
October potato declined by Rs 26.60, or 2.46%, to Rs 1,052 per quintal, with a business turnover of 103 lots.
Continued fall in potato prices is due to offloading of positions by speculators on subdued demand in spot markets, traders said.
They said sentiment weakened further on easy availability in the physical markets following fresh arrivals from producing regions of UP, Punjab, MP and West Bengal.
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