Potato futures down 0.96 pc on increased supply

NEW DELHI, Jan 1: Potato prices fell further by 0.96 per cent to Rs 969 per quintal in futures trade today as speculators offloaded their positions, driven by increased supplies from producing regions.
At the Multi Commodity Exchange, potato prices for delivery in March fell by Rs 9.40, or 0.96 per cent, to Rs 969 per quintal in business turnover of 78 lots.
The potato for delivery in far-month April shed Rs 8.50, or 0.88 per cent, to Rs 958 per quintal in 16 lots.
Analysts said speculators offloaded their positions on the back of increased supplies from producing belts in the spot markets mainly pulled down potato prices at futures trade. (AGENCIES)