Potato prices fell by Rs 4.80 to Rs 421 per quintal in futures trade today as speculators booked profit amid a weak trend at spot market on subdued demand.
Adequate stocks position following increased arrivals from producing regions also put pressure on the potato prices at futures market.
At the Multi Commodity Exchange, potato for October delivery fell by Rs 4.80, or 1.13%, to Rs 421 per quintal, with a business turnover of 240 lots.
Likewise, the potato prices for September delivery shed Rs 2.90, or 0.67%, to Rs 431.40 per quintal, with an open interest of 178 lots.
Traders said speculators booked profits at existing higher levels amid a weak trend at the spot market on subdued demand, which led to the fall in potato futures prices.
