Potato prices fell by Rs 4.60, or 0.93 per cent, to Rs 488 per kg in futures trade today on profit taking by speculators and sluggish demand in spot markets.
Increased arrivals from producing belts also put pressure on the prices.
On the Multi Commodity Exchange potato for August contract fell by Rs 4.60 or 0.93 per cent to Rs 488 per quintal, with a business volume of 27 lots.
The potato for June contract declined by Rs 3.50 or 0.71 per cent to Rs 485.50 per quintal, with a trading volume of 40 lots, while July-month contract also eased by Rs 2.50 or 0.50 per cent to Rs 489 per quintal, with a business turnover of 43 lots.
The fall in potato prices was due to traders, who booked profits at existing higher prices in the physical markets and led to a fall in potato prices at futures trade.