Potato prices traded lower by Rs 6.70, or 1.66 per cent, to Rs 397.30 per quintal in futures trading today, as speculators booked profits at existing higher levels, driven by weak demand in the spot markets.
At the Multi Commodity Exchange counter, potato for September-month fell by Rs 6.70, or 1.66 per cent, to Rs 397.30 per quintal, with an open interest of 2,191 lots.
The potato for delivery in October-month also declined by Rs 1.40, or 0.34 per cent, to Rs 413.50 per quintal, with a business volume of 2,142 lots.
Market analysts said profit booking by speculators at existing higher levels and fall in demand in the spot market mainly led to a fall in potato prices at futures trade.
