Potato slide 1% on subdued demand

Potato for delivery in July contracts declined by 0.92%

Potato prices fell by 1.04% to Rs 806 per quintal in futures trading today as speculators reduced their positions, driven by a subdued demand in the spot market against adequate positions.

At the Multi Commodity Exchange, potato for delivery in August month slide by Rs 8.50, or 1.04% to Rs 806 per quintal in business turnover of 25 lots.

Likewise, the potato for delivery in July contracts declined by Rs 7.80, or 0.92% to Rs 844 per quintal in 7 lots.

Market analysts said speculators reduced their positions amid subdued demand in the spot market against adequate stocks position mainly kept pressure on potato prices at futures trade.