Potato weakens by almost 2% on subdued demand
Traders offload positions on higher arrivals from producing regions and consequent stock build-up
 "Potato weakens by almost 2% on subdued demand")
pPotato prices fell by 1.89 per cent to Rs 970 per quintal in futures trade today as speculators offloaded their positions driven by subdued demand in the spot market.
Increased supplies in the physical market following persistent arrivals from producing region against lower demand led to the fall in potato prices.
At the Multi Commodity Exchange, potato for March delivery lost Rs 18.70, or 1.89 per cent, to Rs 970 per quintal with a business volume of 271 lots.
Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.
Increased supplies in the physical market following persistent arrivals from producing region against lower demand led to the fall in potato prices.
At the Multi Commodity Exchange, potato for March delivery lost Rs 18.70, or 1.89 per cent, to Rs 970 per quintal with a business volume of 271 lots.
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The April contract shed Rs 13.80, or 1.41 per cent, to Rs 962 per quintal, with a business volume of 45 lots.
Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.