Business Standard

Potato futures dip on reduced offtake

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Press Trust of India New Delhi

Potato prices fell by Rs 2.20, or 0.52 per cent, to Rs 423.80 per quintal in futures trade today on the back of reduced offtake by speculators and stockists.

Adequate stocks position followed by increased arrivals from the producing regions also put pressure on the prices.

At the Multi Commodity Exchange platform, potato for delivery in October shed Rs 2.20, or 0.52 per cent, to Rs 423.80 per quintal, with a trading volume of 247 lots.

The August-month contract eased by Rs 1.80, or 0.43 per cent, to Rs 418.30 per quintal, with a business volume of 347 lots.

Similarly, the commodity for September delivery traded lower by Rs 1.50, or 0.35 per cent, to Rs 421.70 per quintal, with a business volume of 369 lots.

 

Marketmen said increased supply from Haldwani and Agra against sluggish demand mainly led to a fall in potato prices at futures market.

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First Published: Jul 20 2010 | 3:34 PM IST

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