 "Potato down 1.3% on weak demand, high supply")
Potato prices fell by 1.34% to Rs 1,405 per quintal in futures trade today as speculators offloaded their positions, driven by weak trend in the spot market.
At the Multi Commodity Exchange, potato for May delivery fell by Rs 19.20, or 1.34%, to Rs 1,405 per quintal, with a business volume of 168 lots.
For delivery in April, potato traded lower by Rs 11.60, or 0.88%, to Rs 1,302 per quintal, with a trade volume of 5 lots.
Besides, increased supplies in the spot market from producing regions further pulled down the prices.
At the Multi Commodity Exchange, potato for May delivery fell by Rs 19.20, or 1.34%, to Rs 1,405 per quintal, with a business volume of 168 lots.
For delivery in April, potato traded lower by Rs 11.60, or 0.88%, to Rs 1,302 per quintal, with a trade volume of 5 lots.
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Marketmen said fall in potato prices was mostly due to stockists offloading positions in line with subdued demand in the spot market.
Besides, increased supplies in the spot market from producing regions further pulled down the prices.
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