Potato shed 0.37% on adequate supply

Lower demand also pulled prices down

Potato futures prices declined by Rs 4.10 to Rs 1,103 per quintal today due to adequate supplies in the physical market following increased arrivals from the producing belts against lower demand.

At the MCX, potato for delivery in July declined by Rs 4.10, or 0.37%, to Rs 1,103 per quintal in a business turnover of just two lots.

Potato prices for delivery in June also traded marginally lower by 10 paise, or 0.01%, to Rs 1,065.80 per quintal in 13 lots.

Market analysts said fall in potato prices was mostly due to adequate supplies due to increased arrivals from producing belts in the physical market against lower demand.