Potato futures down 2.91% on increased selling

Potato prices fell by 2.91% to Rs 439 per quintal in futures trade today as speculators offloaded their positions, driven by a fall in demand in the spot market.

At the Multi Commodity exchange, potato for delivery in August fell by Rs 13.20, or 2.91% to Rs 439 per quintal, with a trading volume of 134 lots. 

Potato for delivery in July eased by Rs 13.10, or 2.66 per cent to Rs 478.20 per quintal, with business volume of 291 lots.

The June contract shed Rs 10.60, or 1.97% to Rs 525.40 per quintal, with a trade volume of 329 lots.   

 

Traders said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.