Potato falls over 3% on subdued demand

Adequate stocks influence prices

n restricted activity, potato prices fell by over 3% to Rs 713.30 per quintal in futures trade today as traders offloaded their positions on the back of subdued demand in the spot market.

Adequate stocks position following fresh arrivals from producing regions put pressure on potato futures.

At the Multi Commodity exchange, potato prices for delivery in October fell by Rs 22.10, or 3.01%, to Rs 713.30 per quintal, with a business turnover of six lots.

Marketmen said traders offloaded their positions on the back of subdued demand in the spot market against adequate supplies from producing belts, leading to the fall in potato prices at futures trade.