Potato down 1.1% on weak demand

Commodity for delivery in April shed 0.19%

Potato prices moved down by 1.17% to Rs 1,192 per quintal in futures trading today as speculators offloaded their positions on the back of weak demand against adequate supplies from producing regions.

At the Multi Commodity Exchange, potato for delivery in March fell by Rs 14.10, or 1.17% to Rs 1,192 per quintal in business turnover of 20 lots.

Likewise, the potato for delivery in April shed Rs 2.40, or 0.19% to Rs 1236.40 per quintal in 7 lots.

Analysts attributed fall in potato prices at futures to offloading of positions by speculators on weak demand in the spot market against adequate supplies from producing belts.