Potato prices fell by Rs 8.40, to Rs 395.50 per quintal in futures trade today, as speculators offloaded their positions, driven by less offtake in the spot market.
Adequate stocks position following increased arrivals from the producing regions also weighed on the prices.
At the Multi Commodity exchange, potato for October delivery fell by Rs 8.40, or 2.08%, to Rs 395.50 per quintal, with a business volume of 143 lots.
The potato for September delivery declined by Rs 6.10, or 1.48%, to Rs 406 per quintal, with a business turnover of 280 lots.
Similarly, its prices for August delivery traded lower by Rs 5.10, or 1.12%, to Rs 448.70 per quintal, with a trading volume of 227 lots. Traders said, continued fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot markets.
