Don’t miss the latest developments in business and finance.

Potato down 0.66% on subdued demand

Increased arrivals influence prices

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 5:29 AM IST

Potato remained weak with prices falling by Rs 6.60 to Rs 980 per quintal in futures trade today as speculators offloaded their positions due to subdued demand in the spot markets.

Adequate stocks position on higher arrivals from the producing regions into the spot markets weighed on the futures prices.

At the Multi Commodity exchange, potato for October delivery fell by Rs 6.60, or 0.66%, to Rs 980 per quintal, with a trade volume of seven lots.

March potato declined by Rs 6.40, or 0.85%, to Rs 738.10 per quintal, with a business turnover of three lots.

Marketmen said continued fall in potato prices was due to offloading of positions by speculators on sluggish demand in the spot market and new arrivals.

More From This Section

First Published: Sep 28 2012 | 3:53 PM IST

Next Story