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Potato futures down 0.97 pc on higher supply

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Press Trust of India New Delhi
Potato prices fell by 0.97 per cent to Rs 1,336 per quintal in futures trade today as speculators offloaded their positions amid higher supplies in the spot market.

At the Multi Commodity Exchange, potato for June delivery fell by Rs 13.10, or 0.97 per cent, to Rs 1,336 per quintal, with a business volume of 32 lots.

On the similar lines, potato for delivery in May contracts, traded lower by Rs 12.20, or 0.92 per cent, to Rs 1,311.20 per quintal, with a trading volume of 20 lots.

Marketmen said fall in potato prices was mostly due to offloading of positions by speculators triggered by increased supplies in the spot market.

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First Published: May 13 2014 | 3:48 PM IST

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