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Potato down 3% on higher supply

Potato for delivery in August slipped by 2.82%

Press Trust of India New Delhi
Potato prices fell by 3% to Rs 666.50 per quintal in futures trade today as speculators offloaded their positions triggered by higher supplies from producing regions.

At the Multi Commodity Exchange, potato for September delivery fell by Rs 20.60, or 3%, to Rs 666.50 per quintal, with a business volume of 115 lots.

Potato for delivery in August slipped by Rs 20.60, or 2.82%, to Rs 709 per quintal, with a trading volume of 112 lots.

Marketmen said fall in potato prices was mostly due to offloading of positions by speculators amid higher supplies from producing regions.

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First Published: Jul 15 2013 | 12:14 PM IST

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