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Potato sheds 0.54% on subdued demand

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Press Trust of India New Delhi

Potato prices shed 0.54% to Rs 480.60 per quintal in futures trade today on subdued demand in the spot market against adequate stock availability.

At the Multi Commodity Exchange, September potato declined by Rs 2.60, or 0.54%, to Rs 480.60 per quintal, with a business turnover of 236 lots.

The October contract shed Rs 2.70, or 0.53% to Rs 509.80 per quintal in 541 lots.

Market analysts said adequate supply following increased arrivals from producing belts amid subdued demand in the spot market mainly led to the decline in potato futures prices.

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First Published: Sep 02 2011 | 11:58 AM IST

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