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Potato falls by 0.91% on adequate stocks, low demand

The March delivery declined by Rs 4.50, or 0.63%, to Rs 714 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 6.30 to Rs 685.60 per quintal in futures trade today as speculators offloaded their positions due to low demand in spot markets.

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, April contract fell by Rs 6.30, or 0.91%, to Rs 685.60 per quintal with a business volume of two lots.    

The March delivery declined by Rs 4.50, or 0.63%, to Rs 714 per quintal with a trading volume of five lots.    

Market experts said traders offloaded their holdings at existing higher levels, tracking a weak spot market trend on fresh supplies mainly pulled down potato prices.

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First Published: Dec 10 2012 | 12:09 PM IST

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