Potato futures down on subdued demand
Potato prices fell by Rs 11.50 to Rs 879.80 per quintal in futures trade today as speculators offloaded their positions.
By PTI |
NEW DELHI: Potato prices fell by Rs 11.50 to Rs 879.80 per quintal in futures trade today as speculators offloaded their positions driven by subdued demand in the spot market.
Increased supplies in the physical market from producing regions against lower demand led to the fall in potato prices.
At the Multi Commodity Exchange, potato for the July delivery fell by Rs 11.50, or 1.29 per cent, to Rs 879.80 per quintal, with business volume of 28 lots.
The commodity for delivery in June slipped by Rs 10.10, or 1.07 per cent, to Rs 932.50 per quintal with trading volume of 41 lots.
Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.
Increased supplies in the physical market from producing regions against lower demand led to the fall in potato prices.
At the Multi Commodity Exchange, potato for the July delivery fell by Rs 11.50, or 1.29 per cent, to Rs 879.80 per quintal, with business volume of 28 lots.
The commodity for delivery in June slipped by Rs 10.10, or 1.07 per cent, to Rs 932.50 per quintal with trading volume of 41 lots.
Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.
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