Potato futures remain weak on subdued demand

Potato prices fell by Rs 8.30 to Rs 581 per quintal in futures trade today, as speculators offloaded their positions, driven by a subdued demand in spot market.

At the Multi Commodity Exchange, potato for delivery in April fell by Rs 8.30, or 1.40%, to Rs 581 per quintal, with a trading volume of six lots.

The potato for March delivery also declined Rs 3.60, or 0.58%, to Rs 613.90 per quintal, with a trade volume of 74 lots.

Traders said fall in potato futures prices was mostly due to off-loading of positions by speculators amid increased arrivals from producing regions.