Potato prices fell by Rs 5.90, or 1.65 per cent, to Rs 352.60 per quintal in futures trade today, as speculators offloaded their positions at existing higher levels, triggered by a weakening trend in spot markets.
At the Multi Commodity Exchange platform, potato for October-month contract fell by Rs 5.90, or 1.65 per cent, to Rs 352.60 per quintal, with a trading volume of 386 lots.
The commodity for September-month contract declined by Rs 5.30, or 1.50 per cent, to Rs 349.20 per quintal, with an open interest of 335 lots, while current-month August contract eased by Rs 4.90, or 1.38 per cent, to Rs 350.90 per quintal, with a business volume of 141 lots.
The continued fall in potato prices was due to increased selling by speculators, influenced by a subdued demand in the spot market, traders said.
They said fresh arrivals from the producing regions also put pressure on the prices.
