Potato futures down on adequate supply

Potato prices weakened by Rs 1.90 to Rs 599 per quintal in futures trade today on adequate stocks position against subdued demand. 

At the Multi Commodity Exchange, potato for delivery in May declined by Rs 1.90, or 0.32% to Rs 599 per quintal, with a business turnover of four lots. 

The potato for delivery in June also traded lower by 80 paise, or 0.15% to 543 per quintal, with a business volume of a single lot.

Market analysts said adequate stocks position following increased arrivals from producing regions against subdued demand, led to the decline in potato futures prices.