Potato remains down on increased supplies

Potato prices fell for the third straight day by losing Rs 20.70 to Rs 1,141.80 per quintal in futures trading today on increased supplies from producing regions against lower demand.

At the MCX, the June contract slid by Rs 20.70, or 1.78%, to Rs 1,141.80 per quintal in business turnover of 82 lots.

The May contract also declined by Rs 7.10, or 0.64%, to Rs 1,096.50 per quintal in 32 lots.

Marketmen said adequate stocks following increased supplies in the spot market mainly pulled down potato futures prices.