Potato futures fall 1.16% on higher supply

Potato prices fell by 1.16% to Rs 883 per quintal in futures trading today as speculators offloaded their positions triggered by higher supplies from producing regions in spot market.

At the Multi Commodity Exchange, potato for delivery in March fell by Rs 10.40, or 1.16%, to Rs 883 per quintal in a business turnover of 185 lots.

Likewise, potato for delivery in April shed Rs 3.70, or 0.43%, to Rs 860.80 per quintal in 24 lots.

Analysts said fall in potato prices was mostly due to offloading of positions by speculators driven by higher supply from growing belts.