Potato trade down over 2% on weak demand

Prices traded low as speculators offloaded their positions

Potato prices fell by 2.15% to Rs 840 per quintal in futures trade today as speculators offloaded their positions triggered by subdued demand in the spot market.

At the Multi Commodity Exchange (MCX), the July contract fell by Rs 18.50, or 2.15%, to Rs 840 per quintal in 26 lots.

The June contract declined by Rs 16.90, or 1.83%, to Rs 905.50 per quintal in 34 lots.   

Marketmen said fall in potato prices was mostly due to offloading of positions by speculators amid subdued demand in the spot market.