Potato prices declined by Rs 5.50, or 1.24 per cent, to Rs 438 per quintal in futures trade today, as speculators booked profits driven by a weak trend at spot markets on subdued demand.
Adequate stock positions at spot markets following increased arrivals from producing regions also put pressure on the potato prices at futures market.
At the Multi Commodity Exchange platform, potato for delivery in October contract declined by Rs 5.50, or 1.24 per cent, to Rs 438 per quintal, with a trading volume of 343 lots.
The potato for delivery in September contract traded lower by Rs 4.90, or 1.17 per cent, to Rs 411.20 per quintal, with a business turnover of 183 lots, while March delivery eased by Rs 3.80, or 0.67 per cent, to Rs 560.30 per quintal, with a trading volume of seven lots.
Traders said speculators booking profits at existing higher levels amid weakening trend at the spot market mainly led to a fall in potato prices at futures trade.