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Potato falls 0.52% on subdued demand

March potato fell by Rs 3.80, or 0.52%, to Rs 720.60 per quintal

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Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 2:10 AM IST

Potato prices fell by Rs 3.80 to Rs 720.60 per quintal in futures market today as traders offloaded their positions due to low demand in the domestic market amid adequate stocks.

The trading sentiment weakened further as a result of easy availability of potato in the spot markets following fresh arrivals from producing regions.

At the Multi Commodity Exchange, March potato fell by Rs 3.80, or 0.52%, to Rs 720.60 per quintal with a business volume of five lots.

The April delivery declined by Rs 1.30, or 0.19%, to Rs 691.50 per quintal in just one lot.

Market experts said traders offloaded their holdings at existing higher levels tracking a decline in spot market against fresh supply mainly pulled down potato prices.

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First Published: Dec 05 2012 | 1:08 PM IST

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