Potato prices today fell further by Rs 5.30 to Rs 1,122 per quintal as speculators offloaded their positions, driven by lower spot demand.
Increased supplies in the physical markets from the major growing belts in UP, Punjab, MP and West Bengal also put pressure on potato.
At the MCX, potato for delivery in June declined by Rs 5.30, or 0.49%, to Rs 1,071.10 per quintal in a business turnover of seven lots.
The potato for delivery in July shed Rs 4.50, or 0.40%, to Rs 1,122 per quintal in four lots.
Marketmen said persistent fall in potato futures was mostly due to offloading of positions by speculators, driven by lower in demand in spot markets against increased supplies.
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