Potato down 1.3% on weak demand, adequate stocks

Commodity for delivery in April declined by 1.19%

Potato prices fell 1.38% to Rs 1,038.10 per quintal in futures trade today as speculators offloaded positions due to low demand in spot markets.

At the Multi Commodity Exchange, potato prices for March contract fell by Rs 14.60, or 1.38%, to Rs 1,038.10 per quintal, with a business volume of 248 lots.

Potato for delivery in April declined by Rs 12.90, or 1.19%, to Rs 1,070 per quintal, with a trading volume of 118 lots.

Market experts attributed the fall in potato futures to offloading of positions due to low demand in the spot markets against adequate stocks following higher supplies.