Potato futures slip on adequate supplies

Potato prices slipped by Rs 2.40 to Rs 627.10 per quintal in futures trade today on adequate supplies from producing regions in the spot market against subdued demand.

At the Multi Commodity Exchange, potato for delivery in April declined by Rs 2.40, or 0.38%, to Rs 627.10 per quintal, with a business turnover of nine lots.

The March contract shed Rs 1.90, or 0.29%, to Rs 655.90 per quintal, with an open interest of 83 lots.

Traders attributed the fall in potato futures prices to sufficient stocks in the physical market, following increased supplies from producing belts, against subdued demand.