Potato futures plunge 2.1% on increased supplies

Potato prices plunged by Rs 15.70 to Rs 723.70 per quintal in futures trading today on increased supplies in the physical market against lower demand.

At the Multi Commodity Exchange, April potato plunged by Rs 15.70, or 2.12% to Rs 723.70 per quintal in business turnover of 88 lots.

The March delivery lost Rs 13.80, or 1.84% to Rs 735 per quintal in 640 lots.

Traders attributed the fall in potato futures prices to increased supplies in the physical market against lower demand.