 "Potato down 0.4% on adequate stocks, low demand")
Potato prices fell by 0.48% to Rs 877 per quintal in futures trade today as traders offloaded their positions due to low demand in the domestic market amid adequate stocks.
The trading sentiment weakened further as a result of easy availability of potato in the spot markets following fresh arrivals from producing regions.
At the Multi Commodity Exchange, potato for the March contract fell by Rs 4.30, or 0.48%, to Rs 877 per quintal with a business volume of 9 lots.
Market experts said traders offloaded their holdings at existing higher levels tracking a decline in spot market against fresh supply mainly pulled down potato prices.
The trading sentiment weakened further as a result of easy availability of potato in the spot markets following fresh arrivals from producing regions.
At the Multi Commodity Exchange, potato for the March contract fell by Rs 4.30, or 0.48%, to Rs 877 per quintal with a business volume of 9 lots.
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The potato for delivery in April declined by Rs 2.90 or 0.33%, to Rs 858.90 per quintal with trading volume of 2 lots.
Market experts said traders offloaded their holdings at existing higher levels tracking a decline in spot market against fresh supply mainly pulled down potato prices.