Potato prices fell by Rs 5.40 or 1.10 per cent to Rs 485 per kg in futures trade today on profit taking by speculators and sluggish demand in physical markets.
Increased arrivals from producing belts also put pressure on the prices.
On the Multi Commodity Exchange, potato for June contract fell Rs 5.40 or 1.10 per cent to Rs 485 per quintal in a business volume of 146 lots.
The potato for July-month contract declined by Rs 3.90 or 0.79 per cent to Rs 488 per quintal, with a trading volume of 177 lots, while May-month contract also eased by Rs 1.50 or 0.31 per cent to Rs 475 per quintal in 32 lots.
The fall in potato prices was due to traders, who booked profits at existing higher prices in physical markets and led to a fall in potato prices at futures trade.
