 "Potato down 0.5% on higher supply, weak demand")
Potato remained weak for the second straight day and prices fell 0.51% to Rs 889.40 per quintal in futures trade today as speculators offloaded positions amid higher supplies from producing regions in spot market.
At the Multi Commodity Exchange, potato for delivery in March declined further by Rs 4.60, or 0.51%, to Rs 889.40 per quintal in business turnover of 7 lots.
The potato for delivery in April also shed Rs 1.20, or 0.14%, to Rs 873.30 per quintal in 2 lots.
Analysts said fall in potato prices was mostly due to offloading of positions by speculators driven by higher supply from growing regions against weak demand in the spot market.
At the Multi Commodity Exchange, potato for delivery in March declined further by Rs 4.60, or 0.51%, to Rs 889.40 per quintal in business turnover of 7 lots.
The potato for delivery in April also shed Rs 1.20, or 0.14%, to Rs 873.30 per quintal in 2 lots.
Analysts said fall in potato prices was mostly due to offloading of positions by speculators driven by higher supply from growing regions against weak demand in the spot market.
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