Potato down 0.7% on less demand
Commodity for delivery in March slipped by 0.31%
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Potato prices fell by 0.74% to Rs 795 per quintal in futures trade today as speculators offloaded their positions driven by subdued demand in the spot market.
Sentiment weakened further adequate stocks amid fresh supplies from producing regions.
At the Multi Commodity Exchange, potato for September delivery fell by Rs 6, or 0.74%, to Rs 795 per quintal, with a business volume of 12 lots.
Potato for delivery in March slipped by Rs 2.60, or 0.31%, to Rs 810.10 per quintal, with a trading volume of 8 lots.
Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market against fresh supplies.
Sentiment weakened further adequate stocks amid fresh supplies from producing regions.
At the Multi Commodity Exchange, potato for September delivery fell by Rs 6, or 0.74%, to Rs 795 per quintal, with a business volume of 12 lots.
Potato for delivery in March slipped by Rs 2.60, or 0.31%, to Rs 810.10 per quintal, with a trading volume of 8 lots.
Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market against fresh supplies.
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First Published: Sep 12 2013 | 1:22 PM IST