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Potato prices fell by Rs 11.50 to Rs 556 a quintal in futures trade today as speculators reduced their positions driven by poor offtake in the spot market.
Fresh arrivals from producing belts also put pressure on prices. At the Multi Commodity Exchange, potato for delivery in June fell by Rs 11.50 or 2.02 per cent to Rs 556 a quintal, with a business volume of 47 lots.
Potato for delivery in May contract declined by Rs 10.50 or 1.81 per cent to Rs 567 a quintal, with an open interest of 172 lots.
Likewise, the commodity for delivery in April traded lower by Rs 10.60 or 1.76 per cent to Rs 591.30 a quintal, with a business turnover of 214 lots.
Traders attributed the fall in potato futures prices to off-loading of positions by speculators, driven by subdued demand in the spot market.
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