Potato futures prices today fell by Rs 6.70 to Rs 1,162.20 per quintal in futures trade today as traders offloaded their positions due to low demand in the local markets amid adequate stocks.
Sentiment weakened further on easy availability in the physical markets following fresh arrivals from producing regions.
At the MCX, potato for July delivery declined by Rs 6.70, or 0.57%, at Rs 1,162.20 per quintal, with a business volume of 10 lots.
Likewise, potato for delivery in August traded lower by Rs 5.10, or 0.38%, to Rs 1,303.10 per quintal, with a turnover of of 51 lots.
Decline in potato prices was mostly due to subdued demand in the spot market, traders said.
They said constant supply from the growing belts creating adequate stocks positions also put pressure on the potato prices in futures trade.
