Potato down by 0.5% on adequate supply

In thin trade, potato prices fell by 0.53% to Rs 805 per quintal in futures trade today as speculators offloaded their positions, driven by weak demand in spot markets against adequate supplies.

 

At the Multi Commodity Exchange, potato for delivery in far-month March traded lower by Rs 4.30, or 0.53% to Rs 805 per quintal in business turnover of 29 lots.

 

Market analysts attributed the fall in potato futures to weak demand in the spot market against adequate supplies from producing regions.