Potato prices fell by Rs 2.70 or 0.55 per cent to Rs 487.60 per kg in futures trade today on emergence of profit taking by speculators due to sluggish demand in physical markets.
Increased arrivals from producing belts also put pressure on the prices.
On the Multi Commodity Exchange, potato for July contract fell by Rs 2.70 or 0.55 per cent to Rs 487.60 per quintal, with a business volume of 68 lots.
The potato for June contract declined by Rs 1.70 or 0.34 per cent to Rs 485.80 per quintal, with a trading volume of 20 lots, while August contract also eased by Rs 1.10 or 0.22 per cent to Rs 490.40 per quintal, with a business turnover of 25 lots.
The fall in potato prices was due to traders, who indulged in booking profits at existing higher prices at physical markets, and led to a fall in potato prices at futures trade.
