Potato prices extended losses by Rs 5.60 to Rs 637.50 per quintal in futures trade today on profit booking, amid sluggish demand at the spot market.
Adequate stock positions at the spot market following increased arrivals from producing regions put pressure on the potato prices at futures market.
At the Multi Commodity Exchange platform, potato for delivery in April-month contract declined by Rs 5.60, or 0.87 per cent, to Rs 637.50 per quintal, with a business turnover of 126 lots.
The potato for delivery in May fell by Rs 5.40, or 0.80 per cent, to Rs 667.40 per quintal, with a business turnover of 22 lots, while March-month delivery slipped by Rs four or 0.60 per cent, to Rs 655 per quintal, with a business volume of 518 lots.
Traders said speculators booked profits at existing higher levels and weakening trend at the spot market led to a decline in potato prices at futures trade.