Potato futures remain weak on adequate supply

NEW DELHI: Potato futures prices continued to slide for the third straight day by losing Rs 3.90 to Rs 1,108 per quintal today on adequate supplies following increased arrivals from producing regions against sluggish demand.

Availability of adequate stocks in the physical market following increased arrivals from the major growing belts in UP, Punjab, MP and West Bengal.

At the Multi Commodity Exchange, potato for delivery in July shed Rs 3.90, or 0.35 per cent to Rs 1,108 per quintal with a business volume of three lots.

The potato for delivery in June also traded lower by Rs 3.40, or 0.32 per cent, to Rs 1,065.20 per quintal in four lots.

Market analysts said continued decline in potato prices was mostly due to increased arrivals from producing regions against subdued demand.