Comments
Potato prices declined by Rs 7.90 to Rs 535.60 a quintal in futures trade today as speculators off-loaded their positions triggered by sluggish demand at the physical markets.
Adequate stocks position on increased arrivals in the spot market also put pressure on futures prices.
At the Multi Commodity Exchange, potato for delivery in July declined by Rs 7.90 or 1.45 per cent to Rs 535.60 a quintal, with an open interest of a single lot.
Potato for delivery in June also moved down by Rs 5.40 or 0.96 per cent to Rs 554.50 a quintal, with a business turnover of two lots.
Traders attributed the fall in prices to off-loading of positions by speculators on sluggish spot demand.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.