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Potato falls for the 5th day on decline in demand

Dec 07 2012, 15:59 IST
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SummaryPotato prices fell for the fifth day by losing Rs 5.50 to Rs 714.20 per quintal.

Potato prices fell for the fifth day by losing Rs 5.50 to Rs 714.20 per quintal in futures market today as traders offloaded their positions due to low demand in the domestic markets.

The trading sentiment weakened further as a result of easy availability in the physical markets following fresh arrivals from producing regions in Punjab and Uttar Pradesh.

At the Multi Commodity Exchange, potato for the March contract fell by Rs 5.50, or 0.76 per cent, to Rs 714.20 per quintal with a business volume of 50 lots.

The potato for delivery in April declined by Rs 4.10, or 0.59 per cent, to Rs 685.60 per quintal in just 3 lots.

Market experts said traders offloaded their holdings at existing higher levels tracking a weak spot market trend mainly kept potato prices down for the fifth straight day.

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