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Potato futures down 1.26% on reduced offtake

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 8:04 PM IST

Potato futures prices fell by Rs 9.10 to Rs 709 per quintal today as speculators offloaded their positions, driven by restricted buying in the spot market.

At the Multi Commodity Exchange, potato for May contract fell by Rs 9.10, or 1.26%, to Rs 709 per quintal, with a business volume of 444 lots.

The potato for delivery in April eased by Rs 7.60, or 1.07%, to Rs 697 per quintal, with a business volume of 618 lots, while March contract also traded lower by Rs 3.40, or 0.46%, to Rs 730 per quintal, with a trade volume of 215 lots.

Fall in potato prices was mostly due to offloading of positions by speculators driven by subdued demand in the spot market, traders said.

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First Published: Mar 10 2011 | 1:15 PM IST

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