Potato futures fall on subdued demand

Potato fell by Rs 4.40 to Rs 575.10 per quintal in future trade today as speculators off-loaded their positions against subdued demand. 

Adequate stocks position following increased arrivals in the spot market also put pressure on the potato prices.

At the Multi Commodity Exchange, potato for delivery in May fell by Rs 4.40, or 0.75% to Rs 575.10 per quintal, with a business turnover of 16 lots.

The potato for delivery in July declined by Rs 4.20, or 0.84% to Rs 495.50 per quintal, with a trading volume of 166 lots. 

Likewise, potato prices for June delivery shed Rs 2.50, or 0.46% to Rs 536.10 per quintal, with a business volume of 193 lots.  

 

Traders attributed the fall in potato futures prices to off-loading of positions by speculators against subdued demand.