Potato down 1.7% on reduced offtake
Increased supplies in the physical market following persistent arrivals from producing region against lower demand led to the fall in potato prices.
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Potato futures prices fell by Rs 14 to Rs 808.10 per quintal today as speculators offloaded their positions, driven by weak spot market trend.
Increased supplies in the physical market following persistent arrivals from producing region against lower demand led to the fall in potato prices.
At the Multi Commodity Exchange, potato for August contract fell by Rs 14, or 1.70%, to Rs 808.10 per quintal, with a business volume of 36 lots.
Potato prices for delivery in July also eased by Rs 11.60, or 1.36%, to Rs 840.90 per quintal, with a business volume of 19 lots.
Analysts said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.
Increased supplies in the physical market following persistent arrivals from producing region against lower demand led to the fall in potato prices.
At the Multi Commodity Exchange, potato for August contract fell by Rs 14, or 1.70%, to Rs 808.10 per quintal, with a business volume of 36 lots.
Potato prices for delivery in July also eased by Rs 11.60, or 1.36%, to Rs 840.90 per quintal, with a business volume of 19 lots.
Analysts said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.
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First Published: Jun 07 2013 | 12:52 PM IST