Potato prices fell by Rs 4.10 to Rs 420 per quintal in futures trade today as traders reduced their positions, driven by a weak spot market trend on subdued demand.
Adequate stock positions following increased arrivals from producing regions also put pressure on the potato prices in future trade.
At the Multi Commodity Exchange, potato for delivery in August fell by Rs 4.10, or 0.97% to Rs 420 per quintal, with a business turnover of 52 lots.
Likewise, the potato for delivery in June shed Rs 2.90, or 0.56% to Rs 515.60 per quintal in 227 lots.
Traders said speculators booked profits at existing high levels, driven by a weakening trend at the spot market on subdued demand, which led to the fall in potato futures prices.