Potato down by 3% on less demand

Potato prices fell by 3% to Rs 605.90 per quintal in futures trade today as speculators offloaded their positions driven by subdued demand in the spot market amid increased supplies.

 

At the Multi Commodity Exchange, potato for September delivery fell by Rs 18.70, or 3%, to Rs 605.90 per quintal, with a business volume of 231 lots.

 

The commodity for delivery in August slipped by Rs 17.20, or 2.55%, to Rs 657 per quintal, with a trading volume of 228 lots.

 

Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.