Potato prices declined by Rs 8 to Rs 543.20 per quintal in futures trade today on profit-booking by speculators amid a weak trend at spot markets on subdued demand.
Adequate stock positions at spot market following increased arrivals from producing regions also put pressure on the potato prices in future trade.
At the Multi Commodity Exchange, potato for delivery in June declined by Rs 8, or 1.45% to Rs 543.20 per quintal, with a trading volume of 211 lots.
The potato for delivery in July contract traded lower by Rs 7, or 1.38% to Rs 499.20 per quintal, with an open interest of 139 lots.
Likewise, its prices for May delivery moved down by Rs 6.20, or 1.01% to Rs 606 per quintal, with a trade volume of 118 lots.
Traders said speculators booking profits at existing higher levels in tandem with a weakening trend at the spot market mainly led to fall in potato prices at futures trade.