Potato prices declined by Rs 1.10, or 0.22 per cent, to Rs 494.70 per quintal in futures trade today after speculators booked profits amid weak trend at spot markets on subdued demand.
Adequate stocks position at spot markets, followed by increased arrivals from the producing regions also put pressure on the potato prices at futures market here.
At the Multi Commodity Exchange platform, potato for delivery in July contract declined by Rs 1.10, or 0.22 per cent, to Rs 494.70 per quintal, with an open interest of 1,369 lots.
The potato for delivery in August contract also traded marginally lower by Rs 0.30, or 0.06 per cent, to Rs 499.90 per quintal, with a business volume of 1,185 lots.
Traders said speculators booked profits at the existing higher levels and a weakening trend at the spot market led to a fall in potato prices at futures trade.
