Potato prices fell by Rs 10.20 to Rs 423.40 per quintal in futures trading today as speculators offloaded their positions, driven by sluggish spot market demand.
Adequate stocks position following increased arrivals from producing regions also put pressure on the potato prices.
At the Multi Commodity Exchange, potato for September delivery fell by Rs 10.20, or 2.35%, to Rs 423.40 per quintal, with a business turnover of 332 lots.
The potato for August delivery also lost Rs 8.70, or 1.87%, to Rs 456.00 per quintal, with an open interest of 407 lots.
Traders said the fall in potato prices was mostly due to offloading of positions by speculators, following weak spot market trend on subdued demand.
