Potato declines on adequate supply

Sluggish demand in the spot market also dragged prices

Potato prices shed 0.95% to Rs 1,134 per quintal in futures trading today on adequate supplies following increased arrivals from the producing regions against sluggish demand.

At the MCX, potato for delivery in July declined by Rs 10.90, or 0.95%, to Rs 1,134 per quintal, with a business turnover of 13 lots.

The June contract lost Rs 8.90, or 0.81%, to Rs 1,086.50 per quintal, with an open interest of 16 lots.

Marketmen said fall in potato prices was mostly due to adequate stocks following increased arrivals from producing regions in the physical market against subdued demand.