Potato falls 1.38 pc on weak demand, adequate stocks

NEW DELHI, Jan 31: Potato prices fell 1.38 per cent to Rs 1,038.10 per quintal in futures trade today as speculators offloaded positions due to low demand in spot markets.
At the Multi Commodity Exchange, potato prices for March contract fell by Rs 14.60, or 1.38 per cent, to Rs 1,038.10 per quintal, with a business volume of 248 lots.
Potato for delivery in April declined by Rs 12.90, or 1.19 per cent, to Rs 1,070 per quintal, with a trading volume of 118 lots.
Market experts attributed the fall in potato futures to offloading of positions due to low demand in the spot markets against adequate stocks following higher supplies. (AGENCIES)

LEAVE A REPLY

Please enter your comment!
Please enter your name here