Business Standard

Potato futures decline on slow demand

Image

Press Trust of India New Delhi

Potato prices fell further by Rs 3 to Rs 671.50 per quintal in futures trade today, as traders offloaded their holdings at the existing increased levels tracking the a weak trend at the spot market.

At the Multi Commodity Exchange, March potato fell by Rs 3, or 0.44%, to Rs 671.50 per quintal, with a trading volume of 44 lots.

The April contract also eased by Rs 2.60, or 0.40%, to Rs 655.10 per quintal, with a business turnover of just two lots.

Traders said fall in potato futures prices was due to offloading of positions by speculators amid increased arrivals from producing regions.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 08 2011 | 12:06 PM IST

Explore News