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Potato futures down 0.76% on weak demand

Commodity for delivery in May traded lower by 0.4%

Press Trust of India New Delhi
Potato prices fell by 0.76% to Rs 1,314.50 per quintal in futures trade today as speculators offloaded positions on weak trend in spot markets.

At the Multi Commodity Exchange, potato for June delivery fell by Rs 10.20, or 0.76%, to Rs 1,314.50 per quintal, with a business volume of 52 lots.

Similarly, potato for delivery in May traded lower by Rs 5.20, or 0.40%, to Rs 1,270 per quintal, with a trade volume of seven lots.

Marketmen said the fall in potato prices was mostly due to subdued demand in the spot markets.

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First Published: May 29 2014 | 2:08 PM IST

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