Potato futures weaken on adequate supply
Potato futures moved down by Rs 1.70 to Rs 472 per quintal in range-bound trade today as speculators reduced their positions amid adequate stock availability in the spot market.
At the Multi Commodity Exchange, September potato fell by Rs 1.70, or 0.36%, to Rs 472 per quintal, with a business turnover of 247 lots.
October delivery was trading a shade lower by 40 paise, or 0.08%, at Rs 485.80 per quintal, with an open interest for 174 lots.
Market analysts said adequate supply following increased arrivals from producing belts mainly led to the decline in potato futures prices.