Potato moves down by 0.52 pc in futures trade on low demand

NEW DELHI, Dec 18: Potato prices moved down by 0.52 per cent to Rs 937.30 per quintal in futures market today as speculators offloaded their positions following low demand in spot markets against higher supplies from producing belts.
At the Multi Commodity Exchange, potato prices for March moved down by Rs 4.90, or 0.52 per cent, to Rs 937.30 per quintal in business turnover of 9 lots.
The potato for delivery in April also traded lower by Rs 2.60, or 0.28 per cent, to Rs 930 per quintal in 36 lots.
Analysts said speculators offloaded holdings on the back of low demand in the spot market against higher supplies from producing region mainly kept pressure on potato prices at futures trade. (AGENCIES)

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