Potato weakens 1.51% on subdued demand

Ample supply in the domestic market also pulled prices lower

Potato prices fell by Rs 16.80 to Rs 1,092 per quintal in futures trade today as speculators offloaded their positions driven by subdued demand in the spot market.

Ample supplies in the domestic market continues to put pressure on potato futures.

At the MCX, potato for June delivery fell by Rs 16.80, or 1.51%, to Rs 1,092 per quintal with a business volume of 98 lots.

The commodity for delivery in May slipped by Rs 11, or 0.90%, to Rs 1,070.20 per quintal, with a business volume of 27 lots.

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