Business Standard

Potato down 0.6% on subdued demand

Commodity for delivery in March declined by 0.54%

Press Trust of India New Delhi
Potato futures prices fell by Rs 5.90 to Rs 891 per quintal today as speculators offloaded their positions, driven by weak trend in the spot market.

At the Multi Commodity Exchange, potato for April contract fell by Rs 5.90, or 0.65%, to Rs 891 per quintal, with a business volume of 10 lots.

The potato for delivery in March declined by Rs 5, or 0.54%, to Rs 918.50 per quintal in 42 lots.

Marketmen said fall in potato prices was mostly due to stockists offloading positions in line with subdued demand in the spot market.

Besides, increased supplies in the spot market from producing regions further pulled down the prices.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 13 2013 | 2:20 PM IST

Explore News