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Potato futures decline 1.07% on profit taking

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 6:21 AM IST

Potato futures prices declined by Rs 6.60 to Rs 609 per quintal today, after speculators booked profits amid weak trend at the spot market on subdued demand.

Adequate stock positions at spot markets, following increased arrivals from producing regions also put pressure on the potato futures prices.

At the Multi Commodity Exchange counter, potato for delivery in March declined by Rs 6.60, or 1.07 per cent to Rs 609 per quintal, with a trading volume of 221 lots.

The potato for delivery in April traded lower by Rs 5.40, or 0.89 per cent, to Rs 597 per quintal, clocking an open interest of 75 lots.

Traders said speculators booking profits at existing higher levels and weakening trend at the spot market led to the fall in potato futures prices.

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First Published: Nov 03 2010 | 2:49 PM IST

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