Potato declines 0.56% on higher supplies

Potato prices declined by Rs 4.10 to Rs 726.50 per quintal in futures market today on increased arrivals in the physical market against lower demand.

At the Multi Commodity Exchange, potato for delivery in March declined by Rs 4.10, or 0.56% to Rs 726.50 per quintal in business turnover of 400 lots.

The April contract shed Rs 2.80, or 0.39%, to Rs 713.50 per quintal in 30 lots.

Traders attributed the fall in potato futures prices to increased supply in the spot market amid lower demand.