Potato futures fall on increased supply

Potato prices fell by Rs 5 to Rs 618.10 per quintal in futures trade today as speculators reduced their positions on the back of adequate stock availability following increased arrivals from producing regions.

At the Multi Commodity Exchange, March potato fell by Rs 5, or 0.80%, to Rs 618.10 per quintal, with an open interest for 31 lots.

The May contract declined by Rs 4.90, or 0.78%, to Rs 620 per quintal in three lots.

Traders attributed the fall in potato futures prices to increased supply in the spot market amid subdued demand.