Potato futures prices falls by 1.55% on adequate stocks, low demand
Agencies: New Delhi, Dec 06 2012, 16:13 IST
Potato prices fell by Rs 10.90 to Rs 691 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 for the May contract fell by Rs 10.90, or 1.55 per cent, to Rs 691 per quintal with a business volume of 21 lots.
The potato for delivery in April declined by Rs 6, or 0.86 per cent, to Rs 684 per quintal with trading volume of 17 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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