Potato prices hit daily lower limit of 4% to Rs 735.40 per quintal in futures trade today as speculators offloaded their positions on less demand in the domestic markets amid adequate stocks.
Sentiment weakened further as a result of easy availability in the physical markets following fresh arrivals from producing regions in Uttar Pradesh, Punjab and Haryana.
At the Multi Commodity exchange, the October contract tumbled by Rs 30.70, or 4%, to Rs 735.4 per quintal, with a business volume of nine lots.
The March contract also eased by Rs 11.80, or 1.60%, to Rs 722 per quintal, with a trade turnover of 39 lots.
Continued fall in potato prices was due to offloading of positions by speculators due to subdued demand in the spot market, traders said.