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Potato futures remain weak on sluggish demand

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Press Trust of India New Delhi

Potato remained weak and shed 1.08% to Rs 624 per quintal in futures trading today, on sluggish demand in the spot market against increased arrivals from producing regions.

At the Multi Commodity Exchange, potato for delivery in March fell by Rs 6.80, or 1.08%, to Rs 624 per quintal, with a business volume of 215 lots.

Likewise, the potato for delivery in April declined by Rs 5.70, or 0.94%, to Rs 598 per quintal, with a trade turnover of five lots.

Traders said increased arrivals in the physical market against subdued demand mainly pulled down potato prices at futures market here.

 

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First Published: Dec 02 2011 | 1:03 PM IST

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