Potato falls on adequate stocks, low demand

Weak spot market trend on fresh supplies pulled down potato prices

Potato prices fell by Rs 3.60 to Rs 688.50 per quintal in futures trade today as speculators offloaded their positions due to low demand in spot markets.

The trading sentiment weakened further as a result of easy availability of potato in the spot markets following fresh arrivals from producing regions.

At the Multi Commodity Exchange, the May contract fell by Rs 3.60, or 0.52%, to Rs 688.50 per quintal, with a business volume of 11 lots.

The March contract declined by Rs 3.50, or 0.47%, to Rs 729 per quintal, with a trading volume of 19 lots.

Market experts said traders offloaded their holdings at existing higher levels, tracking a weak spot market trend on fresh supplies pulling down potato prices.