Potato prices declined by Rs 7.40 to Rs 586 per quintal in futures trade today after speculators booked profits amid a weak trend at spot market on subdued demand.
Adequate stock positions at spot markets following increased arrivals from producing regions also put pressure on the potato futures prices.
At the Multi Commodity Exchange, potato for delivery in May declined by Rs 7.40, or 1.24%, to Rs 586 per quintal, with a trading volume of 248 lots.
The potato for delivery in June traded lower by Rs 6.40, or 1.12%, to Rs 561 per quintal, with an open interest of 142 lots.
Likewise, potato for delivery in April moved down by Rs 4.40, or 0.68%, to Rs 642.40 per quintal, with a business volume of 56 lots.
Traders said speculators booking profits at existing higher levels along with a weakening trend at the spot market mainly led to the fall in potato futures prices.
