Potato fall on subdued demand

Potato futures prices fell by Rs 5.20 to Rs 664.10 per quintal in futures trade today on profit booking driven by lower demand at the spot market.

Adequate stock positions at the spot market following increased arrivals from the producing regions also put pressure on the potato prices at the futures market.

At the Multi Commodity Exchange counter, potato for delivery in April declined by Rs 5.20, or 0.77 per cent, to Rs 664.10 per quintal, with business turnover of 80 lots.

The potato for delivery in March traded lower by Rs 5.10, or 0.74 per cent, to Rs 682.10 per quintal in 302 lots, while May-month delivery contract fell by Rs 4.70, or 0.67 per cent, to Rs 696 per quintal, with an open interest of 18 lots.