Don’t miss the latest developments in business and finance.

Potato futures fall on sluggish demand

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 9:33 PM IST

Potato prices fell by Rs 7.90 to Rs 487 per quintal in futures trade on Monday as speculators offloaded their positions on the back of sluggish domestic demand.

Also, adequate stocks position following increased arrivals in the spot market put pressure on the potato futures prices.

At the Multi Commodity Exchange, potato for delivery in July fell by Rs 7.90, or 1.7% to Rs 487 per quintal, with a business volume of six lots.

June potato shed Rs 2.90, or 0.53% to Rs 539.50, with an open interest of a single lot.

Traders said off-loading of positions by speculators amid increased arrivals mainly pulled down potato futures prices.

Also Read

First Published: May 16 2011 | 12:57 PM IST

Next Story