Potato futures declines 0.39 pc on adequate supply

Potato prices fell by 0.39 per cent to Rs 1,325 per quintal per quintal in futures trade today as speculators offloaded positions due to lower demand in spot markets against increased supplies.
At the Multi Commodity Exchange, potato for delivery in June declined by Rs 5.20, or 0.39 per cent to Rs 1,325 per quintal in business turnover of 17 lots.
Likewise, the potato for delivery in July contract shed Rs 2.40, or 0.18 per cent to Rs 1,365 per quintal in 27 lots.
Analysts said the fall in potato prices was mostly due to weak demand in the spot markets against higher supplies.