Potato prices declined by Rs 1.50, or 0.30 per cent to Rs 503 per quintal in futures trade on profit taking by speculators and sluggish demand in spot markets.
Increased arrivals from the producing belts also put pressure on the prices. At the Multi Commodity Exchange, potato for July contract declined by Rs 1.50, or 0.30 per cent, to Rs 503 per quintal, with an open interest of 1,418 lots.
The potato for delivery in August contract also weakened by Rs 1.30, or 0.26 per cent to Rs 505 per quintal, with a business turnover of 1,107 lots.
Marketmen said emergence of profit-taking by speculators due to subdued demand in the spot market led to a fall in potato prices to trade lower.
