Potato futures slip on increased supply

Potato prices slipped by Rs 6 to Rs 676.20 per quintal in futures market today, on increased arrivals in the physical market against subdued demand.

At the Multi Commodity Exchange, potato for May month slipped by Rs 6 or 0.88 per cent to Rs 676.20 per quintal, with a business turnover of one lot.

The potato for delivery in March month also traded lower by Rs 3.70 or 0.55 per cent to Rs 664 per quintal, with a business turnover of two lots.

Market analysts said increased arrivals in the physical market against subdued demand led to the decline in potato prices at futures trade.