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Potato futures fall on subdued demand

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Press Trust of India New Delhi

Potato futures prices fell by Rs 12 to Rs 713.20 per quintal in futures trading today, as speculators offloaded their positions, amid subdued demand in the spot market.

Adequate stocks in the market also put pressure on potato prices.  

At the Multi Commodity Exchange, potato for March contract fell by Rs 12, or 1.65 per cent, to Rs 713.20 per quintal, with a business turnover of a single lot. 

The potato for delivery in April contract declined by Rs 11.70, or 1.64 per cent, to Rs 703 per quintal, with an open interest of one lot.

Traders said fall in potato futures prices was due to off-loading of positions by speculators amid increased arrivals from the producing regions.

 

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First Published: Feb 17 2011 | 2:38 PM IST

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