Potato down 0.2% on higher supply

Commodity for delivery in April weakened marginally by 0.06%

Potato prices fell 0.29% to Rs 1,218 per quintal in futures trading today due to reduced offtake by traders on subdued demand in the spot market.

At the Multi Commodity Exchange, potato for delivery in March declined by Rs 3.50, or 0.29%, to Rs 1,218 per quintal in business turnover of 21 lots.

Potato for delivery in April also weakened marginally by 70 paise, or 0.06%, to Rs 1,245.40 per quintal in 48 lots.

Marketmen said fall in potato prices at futures trade was mostly due to reduced offtake by traders following subdued demand in the spot market.