Potato prices declined by Rs 4.20 to Rs 679.50 per quintal in futures trade today on profit booking by speculators, driven by subdued demand in the spot market.
Adequate stock positions in the spot market following increased arrivals from the producing regions also put some pressure on the potato prices at the futures market.
At the Multi Commodity Exchange counter, potato for delivery in March declined by Rs 4.20, or 0.61 per cent, to Rs 679.50 per quintal, with an open interest of just one lot.
The potato for delivery in April contract also lost Rs 3.10, or 0.47 per cent, to Rs 663.10 per quintal, with a business turnover of two lots.
Market analysts said profit taking by speculators driven by sluggish demand in the spot market led to a decline in potato futures prices.
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