Potato futures fall on subdued demand

Potato prices fell by Rs 10.70 to Rs 415 per quintal in futures 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 July fell by Rs 10.70, or 2.51% to Rs 415 per quintal, with a business turnover of 140 lots.

The potato for delivery in June also moved down by Rs 3.10, or 0.58% to Rs 533.10 per quintal, with an open interest of 140 lots. 

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