Potato prices fell by Rs 18.90 to Rs 1,130.60 per quintal in futures trade today as speculators offloaded their positions driven by subdued demand in the spot market.
Increased supplies in the physical market following persistent arrivals from producing region against lower demand led to the fall in potato prices.
At the MCX, potato for July delivery fell by Rs 18.90, or 1.64%, to Rs 1,130.60 per quintal with business volume of 42 lots.
The commodity for delivery in June slipped by Rs 8.10, or 0.74%, to Rs 1,078 per quintal with trading volume of 11 lots.
Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.
