Potato remains weak on adequate supply

Sluggish demand pulled prices lower

Potato futures prices continued to slide for the third straight day by losing Rs 3.90 to Rs 1,108 per quintal today on adequate supplies following increased arrivals from producing regions against sluggish demand.

Availability of adequate stocks in the physical market following increased arrivals from the major growing belts in UP, Punjab, MP and West Bengal.

At the MCX, potato for delivery in July shed Rs 3.90, or 0.35% to Rs 1,108 per quintal with a business volume of three lots.

The potato for delivery in June also traded lower by Rs 3.40, or 0.32%, to Rs 1,065.20 per quintal in four lots.

Market analysts said continued decline in potato prices was mostly due to increased arrivals from producing regions against subdued demand.