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Potato prices fell by Rs 12.80 to Rs 552.60 per quintal at the futures trade today as speculators offloaded their positions, driven by subdued demand in the spot market.
At the Multi Commodity Exchange, potato for delivery in June fell by Rs 12.80 or 2.26 per cent to Rs 552.60 per quintal with an open interest of just one lot.
Likewise, the potato for delivery in April also moved down by Rs 9.30 or 1.52 per cent to Rs 602 per quintal with a business turnover of a single lot.
Traders attributed the fall in potato futures prices to offloading of positions by speculators, driven by reduced offtake in the spot market on subdued demand.
Increased arrivals from the producing regions also put pressure on the futures prices, they added.
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