Potato prices extended losses by Rs 5.60 to Rs 637.50 per quintal in futures trade today on profit booking, amid sluggish demand at the spot market.
Adequate stock positions at the spot market following increased arrivals from producing regions put pressure on the potato prices at futures market.
At the Multi Commodity Exchange platform, potato for delivery in April-month contract declined by Rs 5.60, or 0.87 per cent, to Rs 637.50 per quintal, with a business turnover of 126 lots.
The potato for delivery in May fell by Rs 5.40, or 0.80 per cent, to Rs 667.40 per quintal, with a business turnover of 22 lots, while March-month delivery slipped by Rs four or 0.60 per cent, to Rs 655 per quintal, with a business volume of 518 lots.
Traders said speculators booked profits at existing higher levels and weakening trend at the spot market led to a decline in potato prices at futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app