Business Standard

Potato down 0.6% on higher supply

Analysts said fall in potato prices was mostly due to offloading of positions by speculators

Press Trust of India New Delhi
Potato prices fell by 0.63% to Rs 892 per quintal in futures trading today as speculators reduced positions triggered by higher supplies from producing regions in spot market against subdued demand.

At the Multi Commodity Exchange, potato for delivery in March weakened by Rs 5.70, or 0.63% to Rs 892 per quintal in business turnover of 26 lots.

Analysts said fall in potato prices was mostly due to offloading of positions by speculators driven by higher supply from growing regions.

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First Published: Nov 21 2013 | 1:03 PM IST

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