Potato prices fell by Rs 7.60 to Rs 510 per quintal in futures trade today as speculators offloaded their positions, driven by a subdued demand in the spot market.
Adequate stocks position in the physical market following increased arrivals from producing region also put pressure on the potato prices.
At the Multi Commodity Exchange, potato for July delivery fell by Rs 7.60, or 1.46%, to Rs 510 per quintal, with an open interest of 26 lots.
The potato for August delivery shed Rs 7, or 1.47%, to Rs 468.50 per quintal, with trade volume of 90 lots.
Similarly, for September delivery, the prices eased by Rs 5.60, or 1.26%, to Rs 439.80 per quintal, with an open interest of 123 lots.
Traders said fall in potato futures prices was due to off-loading of positions by speculators amid increased arrivals from producing region.