Potato futures fall 1.30 per cent on reduced offtake

NEW DELHI: Potato futures prices fell by Rs 10.60 to Rs 799.10 per quintal today as speculators offloaded their positions, driven by less offtake in the spot market.

At the Multi Commodity Exchange, potato for April delivery fell by Rs 10.60, or 1.30 per cent, to Rs 799.10 per quintal, with a business volume of 30 lots.

For delivery in March, potato traded lower by Rs 7.90, or 0.96 per cent, to Rs 812.50 per quintal, with a trade volume of 33 lots. Marketmen said fall in potato prices was mostly due to offloading of positions by speculators, driven by subdued demand in the spot market.

They said increased supplies in the physical market following persistent arrivals from producing region further pulled down the prices.