Potato futures weaken on increased supply, low demand

Dec 21 2012, 12:31 IST
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SummaryPotato prices weakened by Rs 5.60 to Rs 674.10 per quintal in futures trade.

Potato prices weakened by Rs 5.60 to Rs 674.10 per quintal in futures trade today due to increased supplies from producing region against low demand.

Adequate stocks availability of potato in the spot markets due to increased arrivals from producing regions also put pressure on potato.

At the Multi Commodity Exchange, potato for delivery in April month declined by Rs 5.60, or 0.82 per cent to Rs 674.10 per quintal in single lot.

The potato for delivery in May contract also traded marginally down by 20 paise, or 0.03 per cent to Rs 679.20 per quintal in 6 lots.

Market experts said increased supplies against low demand in the spot market mainly influenced potato prices at futures trade.

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