Potato falls by 0.8% on subdued demand, higher supply

Potato prices fell by 0.83% to Rs 1,076.50 per quintal in futures trading today as speculators offloaded their positions following sluggish demand in spot markets against increased supplies.

At the Multi Commodity Exchange, potato for delivery in far-month fell by Rs 9, or 0.83%, to Rs 1,076.50 per quintal in business turnover of 26 lots.

Likewise, the potato for delivery in March traded lower by Rs 5.40, or 0.51% to Rs 1,045.50 per quintal in 69 lots.

Market analysts said speculators offloaded their positions due to sluggish demand in the spot market against increased supplies from producing regions mainly influenced potato prices at futures trade.