Potato falls 0.92% on adequate stocks, low demand

Potato prices fell by Rs 6.40 to Rs 682.20 per quintal in futures trade today as speculators offloaded their positions due to low demand in spot markets.

The trading sentiment weakened further as a result of easy availability of potato in the spot markets following fresh arrivals from producing regions.

At the Multi Commodity Exchange, the April contract fell by Rs 6.40, or 0.92%, to Rs 682.20 per quintal, with a business volume of 6 lots.

The March delivery declined by Rs 5.50, or 0.76%, to Rs 716.50 per quintal, with a trading volume of 25 lots.

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