Potato down 3% on high supply
Prices fell as speculators offloaded their positions
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Potato futures for June fell by Rs 32, or 2.96%, to Rs 1,048.10 per quintal in 68 lots.
At the Multi Commodity Exchange (MCX), the May contract traded lower by Rs 27.10, or 2.54%, to Rs 1,039.10 per quintal in 28 lots.
Prices fell as speculators offloaded their positions, driven by weak spot market trend.
Increased supplies in the spot market from producing regions further pulled down the prices.
At the Multi Commodity Exchange (MCX), the May contract traded lower by Rs 27.10, or 2.54%, to Rs 1,039.10 per quintal in 28 lots.
Prices fell as speculators offloaded their positions, driven by weak spot market trend.
Increased supplies in the spot market from producing regions further pulled down the prices.
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First Published: Apr 16 2013 | 2:32 PM IST