Potato falls almost 2% on higher supply

Offloading of positions by speculators affected the trade

Press Trust of India New Delhi
Last Updated : May 23 2013 | 3:01 PM IST
Potato prices moved down by 1.83% to Rs 811 per quintal in futures trading today largely supply pressure from producing regions.

At the Multi Commodity Exchange (MCX), the July contract fell by Rs 15.10, or, 1.83%, to Rs 811 per quintal in 32 lots.

The June contract traded lower by Rs 5.20, or, 0.59% to Rs 879 per quintal in 10 lots.

Market analysts said offloading of positions by speculators triggered by higher supplies from producing belts mainly kept pressure on potato futures prices.

More From This Section

First Published: May 23 2013 | 2:57 PM IST

Next Story