Business Standard

Potato futures weaken on adequate supply

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Press Trust of India New Delhi

Potato futures moved down by Rs 1.70 to Rs 472 per quintal in range-bound trade today as speculators reduced their positions amid adequate stock availability in the spot market.

At the Multi Commodity Exchange, September potato fell by Rs 1.70, or 0.36%, to Rs 472 per quintal, with a business turnover of 247 lots.

October delivery was trading a shade lower by 40 paise, or 0.08%, at Rs 485.80 per quintal, with an open interest for 174 lots.

Market analysts said adequate supply following increased arrivals from producing belts mainly led to the decline in potato futures prices.

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First Published: Aug 26 2011 | 12:59 PM IST

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