Potato declines by 1% on profit booking

Increased supplies in the domestic market from producing regions dampened the sentiments

Potato futures prices today fell by 1.04% to Rs 693.10 per quintal on profit booking by traders due to lower spot market demand.

Besides, increased supplies in the domestic market from producing regions too dampened the sentiments.

At the Multi Commodity Exchange, potato for August delivery fell by Rs 7.30, or 1.04%, to Rs 693.10 per quintal, with a business volume of 75 lots.

Potato for delivery in September fell by Rs 5.40, or 0.83%, to Rs 645 per quintal, with a trading volume of 48 lots.

Marketmen said fall in potato prices was mostly due to profit booking by traders against increased supplies.