Potato down 0.6% on low demand, higher supply

Commodity for delivery in far-month April traded lower by 0.52%

Continuing its losing streak for the third straight session, potato prices fell by 0.63% at Rs 969.80 per quintal in futures market today as speculators offloaded their positions due to low demand.

At the Multi Commodity Exchange, potato prices for delivery in March lost another Rs 6.10, or 0.63%, to Rs 969.80 per quintal in a business turnover of 54 lots.

Likewise, potato for delivery in far-month April traded lower by Rs 5, or 0.52%, to Rs 959.80 per quintal in 11 lots.

Analysts said speculators trimmed positions owing to low demand in the spot market against higher supplies from producing belts pulling down potato prices at futures trade.