 "Potato remain weak by 0.6% on subdued demand, adequate supply")
Potato remained weak for the second straight day by losing 0.64% to Rs 778 per quintal in futures trade today as speculators offloaded their positions due to subdued demand in the spot market.
Adequate stocks position in the physical market following increased arrivals from producing region also put pressure on potato.
At the Multi Commodity Exchange, potato for delivery in September month fell further by Rs 5, or 0.64% to Rs 778 per quintal in business turnover of 99 lots.
Market analysts said offloading of positions by speculators due to subdued demand in the spot market against adequate supplies from producing region mainly kept pressure on potato prices at futures trade.
Adequate stocks position in the physical market following increased arrivals from producing region also put pressure on potato.
At the Multi Commodity Exchange, potato for delivery in September month fell further by Rs 5, or 0.64% to Rs 778 per quintal in business turnover of 99 lots.
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The potato for delivery in far month of March also shed Rs 1.20, or 0.15% to Rs 825 per quintal in 6 lots.
Market analysts said offloading of positions by speculators due to subdued demand in the spot market against adequate supplies from producing region mainly kept pressure on potato prices at futures trade.