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Potato futures down over 2% on subdued demand

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Press Trust of India New Delhi

Potato prices fell by Rs 11.50, to Rs 537 per quintal in futures trade today in line with a weakening trend at the spot market on subdued demand.

Adequate stocks following increased arrivals from producing belts also put pressure on potato futures prices.

At the Multi Commodity Exchange, potato for delivery in June fell by Rs 11.50, or 2.09 per cent, to Rs 537 per quintal, with a business volume of 146 lots. 

The potato for delivery in May eased by Rs 10.20, or 1.82 per cent, to Rs 547.20 per quintal, with a business volume of 380 lots.  

Similarly, the commodity for delivery in April traded lower by Rs 8.30, or 1.43 per cent, to Rs 569.70 per quintal, with a business turnover of 437 lots.

 

Traders said weak trend at the spot markets owing to sluggish demand amid adequate stocks, mainly kept pressure on the potato futures prices.

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First Published: Mar 29 2011 | 1:48 PM IST

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