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Potato futures weaken on profit-booking

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 5:24 AM IST

Potato prices declined by Rs 5.60 to Rs 575.20 per quintal in futures trading today after speculators booked profits at higher levels.

Adequate stock positions at spot markets following increased arrivals from producing regions also keep some pressure on the potato prices at futures market.

At the Multi Commodity Exchange counter, potato for delivery in April-month declined by Rs 5.60, or 0.96 per cent, to Rs 575.20 per quintal, with an open interest of one lot.

Similarly, the potato for delivery in March contract lost Rs 4.20, or 0.70 per cent, to Rs 593 per quintal, with an open interest of just one lot.

Traders said profit-booking by speculators amid adequate stocks at the spot markets, led to to a decline in potato prices at futures trade.

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First Published: Oct 07 2010 | 4:01 PM IST

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