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Potato down 0.7% on weak demand

Commodity for delivery in June declined by 0.49%

Press Trust of India New Delhi
Potato prices fell by 0.71% to Rs 1,353.20 per quintal in futures trade today as traders offloaded their positions on low demand in the spot markets amid adequate stocks.

At the Multi Commodity Exchange, potato prices for July contracts fell by Rs 9.80, or 0.71%, to Rs 1,353.20 per quintal, with a business volume of 19 lots.

The potato for delivery in June declined by Rs 6.60, or 0.49%, to Rs 1,323.10 per quintal, with a trading volume of 21 lots.

Marketmen said offloading of positions by speculators amid low demand against higher supplies in the spot markets pulled down potato prices.

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First Published: May 28 2014 | 11:36 AM IST

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