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Potato down 0.4% on profit booking

Commodity prices for delivery in March slipped by 0.3%

Press Trust of India New Delhi
Potato futures prices today fell by 0.41% to Rs 850 per quintal on profit booking by traders due to lower domestic demand.

Besides, increased supplies in the physical market from producing regions too dampened sentiments.

At the Multi Commodity Exchange, potato prices for April delivery fell by Rs 3.50, or 0.41%, to Rs 850 per quintal, with a business volume of 2 lots.

The commodity prices for delivery in March slipped by Rs 3.10, or 0.35%, to Rs 872 per quintal, with a trading volume of 15 lots.

Marketmen said fall in potato prices was mostly due to profit booking by traders against increased supplies producing regions mainly pulled down potato prices.

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First Published: Nov 29 2013 | 1:40 PM IST

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