Business Standard

Potato down 1% on higher supply

Commodity for delivery in April also traded marginally lower by 0.08%

Press Trust of India New Delhi
Potato prices fell over 1% to Rs 1,393.50 per quintal in futures trading today as speculators offloaded their positions, triggered by low demand in the spot markets.

At the Multi Commodity Exchange, potato for delivery in May fell by Rs 14.20, or 1.01%, to Rs 1,393.50 per quintal in business turnover of 136 lots.

The potato for delivery in April also traded marginally lower by Re one, or 0.08%, to Rs 1,297 per quintal in 22 lots.

Analysts said fall in potato prices was mostly due to offloading of positions by speculators on low demand in the spot markets against higher supplies from producing regions.

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First Published: Apr 30 2014 | 12:34 PM IST

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