Potato futures remain weak on supply pressure

Nov 23 2012, 13:07 IST
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SummaryPotato prices fell by Rs 2.70 to Rs 730 per quintal in futures trade.

Potato prices fell by Rs 2.70 to Rs 730 per quintal in futures trade today on supplies pressure following fresh arrivals from producing regions against lower demand.

At the Multi Commodity Exchange, potato for delivery in March declined by Rs 2.70, or 0.37 per cent to Rs 730 per quintal in business turnover of 10 lots.

The potato for delivery in the May contract also traded lower by 60 paise, or 0.08 per cent, to Rs 720 per quintal in single lot.

Market analysts said supply pressure due to fresh arrivals from producing belts against low demand mainly kept potato futures remain weak.

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