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Potato futures fall on subdued demand

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Press Trust of India New Delhi

Potato prices fell by Rs 12 to Rs 548 per quintal in futures trade today as speculators off-loaded their positions following subdued domestic demand.

Adequate stocks position on increased arrivals in the spot market also put pressure on the potato futures prices.

At the Multi Commodity Exchange, potato for delivery in July fell by Rs 12, or 2.14%, to Rs 548 per quintal, with a business volume of a single lot.  

Similarly, the potato for delivery in June shed 60 paise, or 0.11%, to Rs 560 per quintal, with an open interest of just one lot.

Traders attributed the fall in potato futures prices to off-loading of positions by speculators against subdued demand.

 

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First Published: Apr 18 2011 | 12:58 PM IST

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