Potato prices tumbled to hit its daily lower limit of four per cent, to Rs 650.40 per quintal in futures trade today after speculators booked profits amid weak trend at spot markets.
Adequate stock positions in spot markets following increased arrivals from the producing regions also put pressure on the potato prices at futures market here.
At the Multi Commodity Exchange counter, potato for delivery in April-month contract declined by Rs 28.40, or four per cent, to Rs 650.40 per quintal, with a trading volume of 583 lots.
The potato for delivery in March-month contract traded lower by Rs 20.80, or three per cent, to Rs 670.90 per quintal, with an open interest of 2,425 lots.
Traders said speculators booked profits at existing higher levels following weakening trend at spot markets, led to a fall in potato prices at futures.