Potato prices remained weak in futures trade for the second straight day and fell by Rs 7.30 to Rs 541.30 per quintal today as speculators off-loaded their positions on the back of sluggish domestic demand.
Adequate stocks position following increased arrivals in the spot market also put pressure on the potato futures prices.
At the Multi Commodity Exchange, potato for delivery in July declined by Rs 7.30, or 1.33% to Rs 541.30 per quintal with an open interest of two lots.
Similarly, the potato for delivery in May declined by Rs 3.50, or 0.60% to Rs 583.50 per quintal in business turnover of three lots.
Traders said off-loading of positions by speculators against increased arrivals mainly pulled down potato futures prices.
