Potato down 0.6% on weak demand, sufficient stocks

The commodity for delivery in April declined by 0.4%

Potato prices fell by Rs 5.20 to Rs 820.50 per quintal in futures trade today as speculators offloaded positions amid low demand in the domestic markets and adequate stocks following increased arrivals.

At the Multi Commodity Exchange, potato for delivery in March 2014 fell by Rs 5.20, or 0.62%, to Rs 820.50 per quintal, with a business turnover of 36 lots.

The potato for delivery in April also declined by Rs 3.60, or 0.45%, to Rs 788 per quintal, with a business turnover of four lots.

Traders said besides increased supplies from producing belts, subdued demand mainly kept pressure on potato futures.