Potato futures fall on sluggish demand

Potato prices fell by Rs 7.90 to Rs 487 per quintal in futures trade today as speculators off-loaded their positions on the back of sluggish domestic demand.

Also, adequate stocks position following increased arrivals in the spot market put pressure on the potato futures prices.

At the Multi Commodity Exchange, potato for delivery in July fell by Rs 7.90, or 1.70% to Rs 487 per quintal, with a business volume of six lots.

The potato for delivery in June shed Rs 2.90, or 0.53% to Rs 539.50 per quintal, with an open interest of a single lot. 

Traders said off-loading of positions by speculators amid increased arrivals mainly pulled down potato futures prices.