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Potato futures fall 1.91% on adequate supply

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Press Trust of India New Delhi

Potato prices declined by Rs 7.80 to Rs 400 per quintal in futures trade today due to sluggish demand at prevailing higher levels in the spot market.

Adequate stocks position following increased arrivals from producing region also put pressure on the potato prices.

At the Multi Commodity Exchange, potato for delivery in October fell by Rs 7.80, or 1.91%, to Rs 400 per quintal, with a business turnover of 323 lots.

The potato for delivery in March also declined by Rs 1.50, or 0.24%, to Rs 629.80 per quintal, with an open interest of 86 lots.

Market analysts said adequate stocks availability against subdued demand, mainly led to the fall in potato futures prices.

 

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First Published: Oct 04 2011 | 2:16 PM IST

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