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Potato down 0.9% on sluggish demand

Adequate stocks influence prices

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

Potato prices fell by Rs 9.60 to Rs 1,040 per quintal in futures trade today as traders offloaded positions on the back of a weak spot market trend on sluggish demand.

Adequate stocks position following increased arrivals from producing region put pressure on the potato prices.

At the Multi Commodity Exchange, potato for delivery in October fell by Rs 9.60, or 0.91%, to Rs 1,040 per quintal, with a business turnover of 52 lots.

March potato shed Rs 7.40, or 1%, to Rs 736 per quintal, with a trade volume of three lots.

Marketmen said sluggish spot market demand against adequate stocks led to the fall in potato futures prices.

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First Published: Sep 24 2012 | 2:48 PM IST

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