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Potato futures shed 1.20% on adequate stocks

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Press Trust of India New Delhi

Potato prices shed 1.20% to Rs 461.30 per quintal in futures trade today, as speculators offloaded their positions due to sluggish demand in the spot market.

Adequate stocks position, following increased arrivals from the producing regions also put pressure on the prices.

At the Multi Commodity Exchange, potato prices September delivery declined by Rs 5.60, or 1.20% to Rs 461.30 per quintal in business turnover of 35 lots.

The October contract delivery traded lower by 40 paise, or 0.08% to Rs 495.30 per quintal in 492 lots.

The fall in potato futures was due to offloading of positions by speculators, on sluggish demand in the spot market, traders said.

 

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First Published: Sep 13 2011 | 3:01 PM IST

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