Business Standard

Potato remains weak on increased supply

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Press Trust of India New Delhi

Potato prices fell by Rs 2.30 or 0.47 per cent to Rs 482.10 per quintal in futures market today on increased arrivals from producing centres against subdued demand.

At the Multi Commodity Exchange, potato for July-month contract declined by Rs 2.30, or 0.47 per cent to Rs 482.10 per quintal, with an open interest of 1,558 lots.

The potato for June-month contract also weakened by Rs 2.00, or 0.41 per cent to Rs 481.30 per quintal, with a business turnover of 1,257 lots.

Traders said the fall in potato prices was due to increased arrivals from Haldwani and Shimla, the major producing regions against subdued demand led to a fall in potato prices at futures trade here.

 

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First Published: May 20 2010 | 6:02 PM IST

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