Potato down 0.4% on subdued demand

Adequate stocks influence prices

Potato futures prices fell by Rs 4.70 to Rs 1,182.30 per quintal today after speculators offloaded positions, driven by the fall in spot market demand.

Adequate stocks position following increased arrivals from producing regions weighed on the prices.

At the Multi Commodity exchange, potato prices for September delivery fell by Rs 4.70, or 0.39%, to Rs 1,182.30 per quintal, with a trade volume of nine lots.

October potato declined by Rs 2.20, or 0.17%, to Rs 1,260.40 per quintal, with a business turnover of 10 lots.

Marketmen said fall in potato prices was due to offloading of positions by speculators on subdued demand in the spot market.