Potato prices declined by Rs 11.10 to Rs 502.50 per quintal in futures trade today as speculators offloaded their positions, driven by a weak demand in the spot market.
Adequate stocks position in the physical market following increased arrivals from producing regions also put pressure on potato prices.
At the Multi Commodity Exchange, October potato declined by Rs 11.10, or 2.16% to Rs 502.50 per quintal in business turnover of 719 lots.
The September contract shed Rs 1.40, or 0.23% to Rs 474.30 per quintal in 95 lots.
Traders said potato futures prices fell due to off-loading of positions by speculators on subdued demand against increased arrivals from producing regions.