Business Standard

Potato down by 0.9% on increased supply

Speculators offloaded their positions, driven by increased supplies from producing regions

Press Trust of India New Delhi
Potato prices fell further by 0.96% to Rs 969 per quintal in futures trade today as speculators offloaded their positions, driven by increased supplies from producing regions.

At the Multi Commodity Exchange, potato prices for delivery in March fell by Rs 9.40, or 0.96%, to Rs 969 per quintal in business turnover of 78 lots.

The potato for delivery in far-month April shed Rs 8.50, or 0.88%, to Rs 958 per quintal in 16 lots.

Analysts said speculators offloaded their positions on the back of increased supplies from producing belts in the spot markets mainly pulled down potato prices at futures trade.

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First Published: Jan 01 2014 | 11:55 AM IST

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