Potato futures fell by Rs 11.70 to Rs 715.30 per quintal today as speculators offloaded their positions, driven by less offtake 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 prices, traders said.
At the Multi Commodity Exchange, the April delivery fell by Rs 11.70, or 1.60%, to Rs 715.30 per quintal, with a business volume of 37 lots.
The May potato eased by Rs 11.80, or 1.55%, to Rs 746.10 per quintal, with a business volume of 14 lots.
For delivery in March, potato traded lower by Rs 11.40, or 1.55%, to Rs 723.20 per quintal, with a trade volume of 324 lots.
Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.
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