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Potato down 1% on higher supply

Marketmen said increased supplies in the physical market following persistent arrivals from producing regions against lower demand in the spot market lead to the fall

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Press Trust of India New Delhi

Potato futures prices fell by Rs 11.90 to Rs 1,128.60 per quintal today, due to the increased supplies in the physical market following persistent arrivals from producing region against lower demand.

Sentiments weakened further as speculators offloaded their positions driven by subdued demand in the spot market.

At the Multi Commodity Exchange, the June delivery fell by Rs 11.90, or 1.04%, to Rs 1,128.60 per quintal with a business volume of 29 lots.

The May delivery declined by Rs 9.60, or 0.89%, to Rs 1,066.90 per quintal, with a business volume of 123 lots.

Marketmen said increased supplies in the physical market following persistent arrivals from producing regions against lower demand in the spot market lead to the fall in potato futures prices here.

 

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First Published: Apr 24 2012 | 2:29 PM IST

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