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Potato down 2.2% on profit booking

Potato for delivery in August slipped by 1.93%

Press Trust of India New Delhi
Potato futures prices today fell by 2.25% to Rs 646.30 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 September delivery fell by Rs 14.90, or 2.25%, to Rs 646.30 per quintal, with a business volume of 64 lots.

Potato for delivery in August slipped by Rs 13.80, or 1.93%, to Rs 700 per quintal, with a trading volume of 93 lots.

Marketmen said fall in potato prices was mostly due to profit booking by traders against increased supplies.

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First Published: Jul 17 2013 | 1:13 PM IST

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