Potato futures fall for third day on higher supply

Continuing its losing streak for the third straight day, potato futures declined 0.24 per cent to Rs 1,157.30 per quintal today as speculators offloaded positions due to higher supplies from producing regions.
At the Multi Commodity Exchange, potato for delivery in April declined by Rs 2.80, or 0.24 per cent, to Rs 1,157.30 per quintal in a business turnover of 45 lots.
Potato for delivery in March also shed Rs 2.30, or 0.21 per cent, to Rs 1,115.50 per quintal in 247 lots.
Market analysts said offloading of positions by speculators, driven by higher supplies in mandies from producing regions, mainly kept pressure on potato prices to surrendered ground at futures trade.