Potato prices declined by Rs 6.60 to Rs 1,520 per quintal in futures trading today as speculators offloaded their positions, tracking a weak spot market trend on subdued demand.
Adequate stocks availability in the physical market due to increased arrivals from producing region also put pressure on potato futures.
At the Multi Commodity Exchange, the October contract for potato fell by Rs 6.60, or 0.43%, to Rs 1,520 per quintal, with a business turnover of four lots.
The August contract traded lower by Rs 3.30, or 0.25%, to Rs 1,316.70 per quintal, in 25 lots.
Marketmen said speculators offloaded their positions on the back of a weak trend in the spot market on lower demand against adequate stocks position mainly kept pressure on potato prices at futures trade.
