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Potato down 0.1% on adequate supply

Increased supplies from producing belts, weak demand in the spot market led to decline in potato prices at futures trade

Press Trust of India New Delhi
In restricted activity, potato prices traded marginally lower by 0.12% to Rs 826 per quintal in futures trade today as speculators offloaded their positions on the back of weak demand in the spot market.

Adequate stocks availability in the physical market following increased arrivals from producing regions also put pressure on potato prices.

At the Multi Commodity Exchange, potato for delivery in March declined by Re 1, or 0.12%, to Rs 826 per quintal with a business turnover of 3 lots.

Market analysts said besides increased supplies from producing belts, weak demand in the spot market mainly led to decline in potato prices at futures trade.

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First Published: Oct 01 2013 | 1:42 PM IST

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