Potato slips 0.42% on increased supply, low demand

Potato futures slipped by 0.42% to Rs 883.10 per quintal in futures trading today as participants trimmed positions as demand declined in the spot market against increased supplies from producing belts.

At the Multi Commodity Exchange, March dellivery slipped by Rs 3.70, or 0.42%, to Rs 883.10 per quintal in business turnover of 54 lots.

However, April potato held steady at Rs 852.90 per quintal in 5 lots.

Analysts said besides fall in demand in the sot markets, increased supplies from producing regions mainly weighed on potato futures prices.