 "Potato down 1.1% on weak demand, adequate stocks")
Potato futures prices fell by 1.18% today to Rs 1,271.70 per quintal as speculators offloaded their positions due to low demand in spot markets.
The trading sentiment weakened further as participants offloaded their positions due to low demand in the domestic markets in the amidst of adequate stocks.
At the Multi Commodity Exchange, potato prices for April contract fell by Rs 15.30, or 1.18%, to Rs 1,271.70 per quintal, with a business volume of 23 lots.
Market experts said traders offloaded their holdings at existing higher levels, tracking a weak spot market trend on fresh supplies, mainly pulled down potato prices.
The trading sentiment weakened further as participants offloaded their positions due to low demand in the domestic markets in the amidst of adequate stocks.
At the Multi Commodity Exchange, potato prices for April contract fell by Rs 15.30, or 1.18%, to Rs 1,271.70 per quintal, with a business volume of 23 lots.
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The potato for delivery in May declined by Rs 12.20, or 0.89%, to Rs 1,352.20 per quintal, with a trading volume of 137 lots.
Market experts said traders offloaded their holdings at existing higher levels, tracking a weak spot market trend on fresh supplies, mainly pulled down potato prices.