Potato futures traded lower by Rs 3.20 to Rs 520 per quintal today on sluggish demand in the spot market against adequate supply.
Adequate supplies, following increased arrivals from producing belts, mainly pushed down potato futures prices.
At the Multi Commodity Exchange, potato for delivery in June weakened by Rs 3.20, or 0.61%, to Rs 520 per quintal, with a business turnover of 35 lots.
The July contract also traded lower, shedding Rs 2.50, or 0.52%, to Rs 476 per quintal, with a trade volume of 38 lots.
Traders said the weakness in potato futures prices was mostly due to increased supplies in the physical market against sluggish demand at the physical markets.
