Potato declines more than 2% on subdued demand

Prices fell as speculators offloaded their positions

Potato prices fell by Rs 18.80 to Rs 861.30 per quintal in futures trade today as speculators offloaded their positions driven by subdued spot demand against increased arrivals.

At the Multi Commodity Exchange (MCX), the July contract fell by Rs 18.80, or 2.13%, to Rs 861.30 per quintal, with business volume of 15 lots.

The June contract slipped by Rs 15, or 1.60%, to Rs 921.40 per quintal with trading volume of 43 lots.

Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market against fresh arrivals.