Potato down almost 3% on poor demand
Increased supplies in the spot market affected the trade
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Potato futures for May fell by Rs 26.90, or 2.98%, to Rs 875.20 per quintal in 161 lots.
At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 16.70, or 1.84%, to Rs 886.40 per quintal in 77 lots.
Prices were affected as traders reduced their positions on back of increased stocks in the physical market.
The prices weakened further when traders booked profits at higher levels due to decline in demand also put pressure on the potato futures prices.
Increased supplies in the spot market, following persistent arrivals from producing region further pulled down the prices.
At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 16.70, or 1.84%, to Rs 886.40 per quintal in 77 lots.
Prices were affected as traders reduced their positions on back of increased stocks in the physical market.
The prices weakened further when traders booked profits at higher levels due to decline in demand also put pressure on the potato futures prices.
Increased supplies in the spot market, following persistent arrivals from producing region further pulled down the prices.
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First Published: Mar 22 2013 | 2:55 PM IST