Potato futures fall 2.58 pc on sluggish demand
At the MCX, potato for delivery in September month fell by Rs 16.70, or 2.58 per cent to Rs 631.10 per quintal in business turnover of 165 lots.
By PTI |
NEW DELHI: Amid sluggish demand against higher supplies, potato prices fell by 2.58 per cent to Rs 631.10 per quintal in futures market today as speculators offloaded positions.
At the Multi Commodity Exchange, potato for delivery in September month fell by Rs 16.70, or 2.58 per cent to Rs 631.10 per quintal in business turnover of 165 lots.
The potato for delivery in August lost Rs 14.50, or 2.08 per cent to Rs 682 per quintal in 107 lots.
Market analysts said fall in potato prices was mostly due to offloading of positions by speculators, driven by sluggish demand at prevailing higher levels in the spot market.
At the Multi Commodity Exchange, potato for delivery in September month fell by Rs 16.70, or 2.58 per cent to Rs 631.10 per quintal in business turnover of 165 lots.
The potato for delivery in August lost Rs 14.50, or 2.08 per cent to Rs 682 per quintal in 107 lots.
Market analysts said fall in potato prices was mostly due to offloading of positions by speculators, driven by sluggish demand at prevailing higher levels in the spot market.
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