Continuing it yesterday's slide, potato prices fell by Rs 10.90, or 3.02 per cent, to Rs 353.90 per 100 kg in futures trading today, as traders reduced their positions, driven by adequate supplies in spot markets.
At the Multi Commodity Exchange counter, potato for October delivery fell by Rs 10.90, or 3.02 per cent, to Rs 353.90 per 100 kg, with a trading volume of 59 lots. The commodity had lost four per cent in the previous session.
The potato for delivery in September contract declined by Rs 10.90, or 3.01 per cent, to Rs 350.90 per 100 kg, with an open interest of 53 lots, while August contract eased by Rs 10.80, or three per cent, to Rs 349.50 per 100 kg, with a trading volume of 38 lots.
Traders said subdued demand in the spot market, against adequate stocks, increased arrivals continued to put pressure on the potato prices in futures trade.
