Don’t miss the latest developments in business and finance.

Potato weakens on profit-booking

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:34 AM IST

Potato prices declined by Rs 5.10 to Rs 632 per quintal in futures trade today on emergence of profit-booking by speculators at existing higher levels.

Adequate stocks availability in the physical market also put pressure on potato prices.

At the Multi Commodity Exchange, March potato declined by Rs 5.10, or 0.80% to Rs 632 per quintal in a business turnover of 15 lots.

The October contract shed Rs 2.10, or 0.49% to Rs 428.40 per quintal in 65 lots.

Traders said the fresh weakness in potato futures is due to profit-booking by speculators at prevailing higher levels.

More From This Section

First Published: Sep 29 2011 | 1:26 PM IST

Next Story