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Potato futures decline 0.89% on reduced offtake

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:13 PM IST

Potato futures prices declined by Rs 4.20 to Rs 469 per quintal today on offloading of positions by speculators.

Adequate stocks position following increased arrivals from producing regions also put pressure on the potato prices.

At the Multi Commodity Exchange, potato for delivery in July month declined by Rs 4.20, or 0.89% to Rs 469 per quintal, with a business turnover of 101 lots.

The August contract traded lower by Rs 1.40, or 0.32%, to Rs 433.50 per quintal, with a trade volume of 44 lots.

Traders said the fall in potato prices was mostly due to offloading of positions by speculators, following weak trend trend at spot market on subdued demand in the spot market.

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First Published: Jun 17 2011 | 1:43 PM IST

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