Potato futures fall 0.70 pc on sluggish demand

NEW DELHI, Feb 10: Amid subdued demand in the  spot markets agaisnt higher supplies from producing belts, potato prices fell by 0.70 per cent to Rs 1,155 per quintal in futures trade today.
At the Multi Commodity Exchange, potato for delivery in April fell by Rs 8.10, or 0.70 per cent to Rs 1,155 per quintal in business turnover of 51 lots.
Potato for delivery in March also declined by Rs 4.40, or 0.39 per cent to Rs 1,110.80 per quintal in 100 lots.
Market analysts said offloading of positions by speculators triggered by sluggish demand in the spot market against increased supplies from producing regions that kept pressure on potato prices at futures trade. (AGENCIES)