Potato futures decline on slow demand

Potato prices fell further by Rs 3 to Rs 671.50 per quintal in futures trade today, as traders offloaded their holdings at the existing increased levels tracking the a weak trend at the spot market.

At the Multi Commodity Exchange, March potato fell by Rs 3, or 0.44%, to Rs 671.50 per quintal, with a trading volume of 44 lots.

The April contract also eased by Rs 2.60, or 0.40%, to Rs 655.10 per quintal, with a business turnover of just two lots.

Traders said fall in potato futures prices was due to offloading of positions by speculators amid increased arrivals from producing regions.