Potato prices fell by Rs 7 to Rs 696 per quintal at the futures trade today as speculators offloaded their positions, driven by less offtake in the spot market on subdued demand.
At the Multi Commodity Exchange, potato for delivery in May fell by Rs 7 or 1 per cent to Rs 696 per quintal with an open interest of a single lot. Likewise, March contract also traded lower by Rs 2.70 or 0.37 per cent to Rs 723.40 per quintal with a business turnover of one lot.
Traders attributed the fall in potato prices to offloading of positions by speculators driven by subdued demand in the spot market.
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.