Potato prices fell by three per cent to Rs 563.30 per quintal in futures trade today on profit booking by speculators against poor spot demand.
Adequate stock positions at the spot market following increased arrivals from producing regions also put pressure on the potato prices at futures market.
At the Multi Commodity Exchange, potato for delivery in May declined by Rs 17.30, or three per cent, to Rs 563.30 per quintal, with business volume of 272 lots.
The potato for delivery in June traded lower by Rs 17.10, or three per cent, to Rs 554.20 per quintal, with an open interest of 130 lots.
Likewise, potato futures prices for delivery in April fell by Rs 16.50, or 2.74 per cent, to Rs 585.50 per quintal, with a business volume of 236 lots.
Traders attributed the fall in potato futures prices to profit booking by speculators at existing higher levels and a weakening trend at the spot market.
