Potato down 1.22% on fresh arrivals

Low spot demand contributes to fall

Potato prices fell by 1.22% to Rs 1,327.80 per quintal in futures trading today as traders offloaded positions due to low demand in the spot market amid fresh arrivals from the producing belts.

At the Multi Commodity Exchange, potato for delivery in August fell by Rs 16.20, or 1.22%, to Rs 1,327.80 per quintal, with a business turnover of 15 lots.

September potato declined by Rs 17, or 1.20%, to Rs 1,399 per quintal in 24 lots.

Market experts said traders offloaded their positions due to low demand in the spot market against fresh arrivals from producing belts, putting pressure on potato futures.