Potato futures down 1.47 per cent on supply pressure, subdued demand

NEW DELHI: Potato prices moved down by 1.47 per cent to Rs 1,063 per quintal in futures trade today as speculators offloaded their positions on increased supplies from producing regions against subdued demand in spot markets.

At the Multi Commodity Exchange, potato prices for far-month April fell by Rs 15.90, or 1.47 per cent, to Rs 1,063 per quintal in a business turnover of 81 lots.

Potato for delivery in March also declined by Rs 9.10, or 0.86 per cent, to Rs 1,054.20 per quintal in 172 lots.

Analysts attributed the fall in potato prices at futures trade to increased supplies from producing regions against subdued demand in the spot markets.