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Potato futures weaken on increased supplies

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 8:04 PM IST

Potato futures prices weakened by Rs 2.70 to Rs 715.60 per quintal today on increased supplies in the physical market, against subdued demand. 

Adequate stocks position following increased arrivals in the physical market also influenced the trading sentiments.

At the Multi Commodity Exchange, potato for April contract weakened by Rs 2.70, or 0.38 per cent, to Rs 715.60 per quintal, with a trade volume of just one lot.

The potato for delivery in March also traded lower by Rs 1.10, or 0.15 per cent, to Rs 730.50 per quintal, with a business turnover of just one lot.   

Market analysts said increased supplies against subdued demand mainly led to the decline in potato futures prices.

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First Published: Mar 01 2011 | 1:50 PM IST

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