Potato prices fell by Rs 12.80 to Rs 552.60 per quintal in futures trade today as speculators offloaded their positions, driven by subdued demand in the spot market.
At the Multi Commodity Exchange, potato for delivery in June fell by Rs 12.80, or 2.26%, to Rs 552.60 per quintal, with an open interest of just one lot.
Likewise, the potato for delivery in April also moved down by Rs 9.30, or 1.52%, to Rs 602 per quintal, with a business turnover of a single lot.
Traders attributed the fall in potato futures prices to offloading of positions by speculators, driven by reduced offtake in the spot market on subdued demand.
Increased arrivals from the producing region also put pressure on the potato prices, they added.
