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Potato futures dip 2.30% on reduced offtake

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Press Trust of India New Delhi

Potato prices fell by Rs 10 to Rs 463 per quintal in futures trade today on off-loading of positions by speculators.

Adequate stocks position following increased arrivals from producing regions also put pressure on the potato prices.

At the Multi Commodity Exchange, potato for delivery in June fell by Rs 10, or 2.30%, to Rs 463 per quintal, with a business volume of 35 lots. 

July potato shed Rs 2, or 0.43%, to Rs 468.10 per quintal, with an open interest of 79 lots. 

Traders said the fall in potato prices was mostly due to off-loading of positions by speculators, driven by subdued demand in the spot market.

 

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First Published: Jun 14 2011 | 2:19 PM IST

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