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Potato down 1.3% on weak demand

Commodity for delivery in April declined by 1%

Press Trust of India New Delhi
Potato futures fell by 1.39% to Rs 1,396 per quintal today as speculators offloaded their positions driven by low demand in spot markets.

At the Multi Commodity Exchange, potato prices for May contract fell by Rs 19.80, or 1.39%, to Rs 1,396 per quintal, with a business volume of 195 lots.

The potato for delivery in April declined by Rs 13.70, or 1.04%, to Rs 1,302.10 per quintal, with a trading volume of 5 lots.

Market experts said traders offloaded their holdings at existing higher levels, tracking a weak spot market trend on fresh supplies which pulled down potato prices.
 

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First Published: Apr 21 2014 | 1:28 PM IST

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