Amid profit booking and subdued spot demand, potato futures prices fell by Rs 16.40 to Rs 585.50 per quintal today.
Adequate stocks position at spot market, following increased arrivals from producing regions also put pressure on the potato futures prices.
At the Multi Commodity Exchange, potato for delivery in June declined by Rs 16.40, or 2.72%, to Rs 585.50 per quintal, with a business volume of 52 lots.
The potato for delivery in May traded lower by Rs 9.60, or 1.58%, to Rs 596 per quintal, with a business volume of 246 lots, while April delivery prices fell by Rs 5, or 0.80%, to Rs 615.10 per quintal, with a trading volume of 355 lots.
Traders said speculators booking profits at existing high levels and a weakening trend at the spot market mainly led to the decline in potato futures prices.
