Potato falls on subdued demand in spot markets

Potato prices fell by Rs 7.20 to Rs 579.80 per quintal in futures trading today, on profit booking and subdued demand at spot markets. 

Adequate stocks at spot markets following increased arrivals from the producing regions also put pressure on the potato prices at futures market. 

At the Multi Commodity Exchange platform, potato for delivery in April-month contract declined by Rs 7.20, or 1.22 per cent, to Rs 579.80 per quintal, with a trading volume of 116 lots.

The potato for delivery in October contract traded lower by Rs 5.60, or 0.93 per cent, to Rs 592 per quintal, with a business volume of 251 lots.

 

March delivery fell by Rs 2.80, or 0.46 per cent, to Rs 595 per quintal, with a trading volume of 459 lots. 

Traders said speculators booked profits at existing higher levels and weakening trend at spot markets led to a decline in potato prices at futures trade.