Potato prices fell by Rs 3.50 to Rs 398.50 per quintal in futures trading today as speculators off-loaded their positions, driven by a weak trend at the spot markets on sluggish demand.
At the Multi Commodity Exchange, potato for October delivery declined by Rs 3.50, or 1.09%, to Rs 398.50 per quintal, with a business volume of 128 lots.
The potato for August delivery also moved down by Rs 3.50, or 0.77%, to Rs 449.50 per quintal, with an open interest of 145 lots.
Market analysts said the fall in potato prices was mainly due to sluggish demand in the spot market. Adequate stocks position following increased arrivals in the physical market also put pressure on the potato futures prices, they added.