Potato futures down 0.78% on adequate stocks, low demand
Agencies: New Delhi, Dec 13 2012, 13:50 IST
Potato prices fell by Rs 5.70 to Rs 721 per quintal in futures trade today as speculators offloaded their positions due to low demand in spot markets.
The trading sentiment weakened further as a result of easy availability of potato in the spot markets following fresh arrivals from producing regions.
At the Multi Commodity Exchange, potato prices for March contract fell by Rs 5.70, or 0.78 per cent, to Rs 721 per quintal, with a business volume of 25 lots.
The potato for delivery in April declined by Rs 3.60, or 0.51 per cent, to Rs 694.50 per quintal, with a trading volume of six lots.
Market experts said traders offloaded their holdings at existing higher levels, tracking a weak spot market trend on fresh supplies mainly pulled down potato prices.
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