Potato down 0.4% on increased supply

Potato prices declined by 0.49% to Rs 1,200 per quintal in futures market today as speculators offloaded their positions amid increased supplies from producing regions.

At the Multi Commodity Exchange, potato for delivery in March traded lower by Rs 5.90, or 0.49%, to Rs 1,200 per quintal in a business turnover of 19 lots.

Market analysts said fall in potato prices at futures trade was mostly due to offloading of positions by speculators, triggered by increased supplies from producing regions against subdued demand in the spot market.