Potato sheds 1.5% on adequate supply

The fall in potato prices is attributed to increased arrivals from producing regions against lower demand

Potato prices declined by Rs 7.50 to Rs 1,091.20 per quintal in futures trading today following adequate supplies due to increased arrivals from producing regions against lower demand.

At the MCX, the July delivery declined by Rs 7.50, or 0.68%, to Rs 1,091.20 per quintal, with a business turnover of three lots.

The June delivery also shed Rs 6.40, or 0.60%, to Rs 1,056.20 per quintal, with a open interest of 12 lots.

Marketmen said fall in potato prices was mostly due to adequate supplies following increased arrivals from producing regions in the physical market against lower demand.