 "Potato down 1.3% on less demand")
Potato prices fell by 1.34% to Rs 823 per quintal in futures trade today as speculators offloaded their positions driven by subdued demand in the spot market.
Increased supplies in the physical market following persistent arrivals from producing region against lower demand led to the fall in potato futures prices.
At the Multi Commodity Exchange, potato for July delivery fell by Rs 11.20, or 1.34%, to Rs 823 per quintal, with a business volume of 11 lots.
Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.
Increased supplies in the physical market following persistent arrivals from producing region against lower demand led to the fall in potato futures prices.
At the Multi Commodity Exchange, potato for July delivery fell by Rs 11.20, or 1.34%, to Rs 823 per quintal, with a business volume of 11 lots.
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Potato for delivery in August slipped by Rs 8.70, or 1.10%, to Rs 775.50 per quintal, with a trading volume of 29 lots.
Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.