Potato down 1.6% due to weak demand, higher supply

Fall in potato prices was mostly due to stockists offloading positions in line with subdued demand in the spot market, says marketmen.

Potato prices fell by 1.66% to Rs 906 per quintal in futures trade today as speculators offloaded their positions amid a weak trend in the spot market due to subdued demand.
    
At the Multi Commodity Exchange, potato for the June delivery fell by Rs 15.30, or 1.66%, to Rs 906 per quintal, with a business volume of 12 lots.
    
For delivery in July, potato traded lower by Rs 9.20, or 1.06%, to Rs 858 per quintal, with a trade volume of 30 lots.
    
Marketmen said fall in potato prices was mostly due to stockists offloading positions in line with subdued demand in the spot market.