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Potato futures down 1.3% on reduce offtake

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Press Trust of India New Delhi

Potato futures prices declined by Rs 8, or 1.31 per cent, to Rs 600.40 per quintal today, as speculators offloaded their positions driven by less offtake in the spot market.

At the Multi Commodity exchange platform, potato for delivery in May fell by Rs 8, or 1.31 per cent, to Rs 600.40 per quintal, with a business volume of three lots.

The potato for delivery in April eased by Re one, or 0.17 per cent, to Rs 584.40 per quintal, with a business turnover of five lots, while March contract also traded lower by 20 paise, or 0.03 per cent, to Rs 598.70 per quintal, with a trading volume of 46 lots.

The fall in potato futures prices was mostly due to offloading of positions by speculators driven by subdued demand in the spot market, traders said.

 

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First Published: Oct 20 2010 | 1:07 PM IST

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