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Potato down 0.3% on profit-booking

Commodity for delivery in May contract traded lower by 0.2%

Press Trust of India New Delhi
Potato prices fell by 0.37% to Rs 1,268.50 per quintal in futures market today as speculators booked profits after recent gains.

At the Multi Commodity Exchange, potato for delivery in April declined by Rs 4.70, or 0.37% to Rs 1268.50 per quintal in business turnover of 44 lots.

The potato for delivery in May contract also traded lower by Rs 2.90, or 0.22% to Rs 1,335 per quintal in 185 lots.

Analysts attributed fall in potato prices at futures trade to profit-booking by speculators at prevailing higher levels but'Navratras" festival demand, limited the fall.
 

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First Published: Apr 03 2014 | 12:44 PM IST

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