Potato futures fall 0.92% on adequate stocks, low demand
Press Trust of India: New Delhi, Dec 17 2012, 14:36 IST
Potato prices fell by Rs 6.40 to Rs 682.20 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 April contract fell by Rs 6.40, or 0.92 per cent, to Rs 682.20 per quintal, with a business volume of 6 lots.
The potato for delivery in March declined by Rs 5.50, or 0.76 per cent, to Rs 716.50 per quintal, with a trading volume of 25 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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