Potato prices down 0.76%on adequate supply

Potato for delivery in September fell by Rs 8.90,or 0.76 per cent,to Rs 1,158 per quintal.

Written by Agencies | New Delhi | Published: August 29, 2012 4:41 pm

Potato prices declined by 0.76 per cent to Rs 1,158 per quintal in futures trade today on adequate stocks position,following increased arrivals from producing belts against lower demand.

At the Multi Commodity Exchange,potato for delivery in September fell by Rs 8.90,or 0.76 per cent,to Rs 1,158 per quintal,with a business turnover of 20 lots.

Likewise,the potato for delivery in October shed Rs 2.40,or 0.20 per cent,to Rs 1,223 per quintal in 12 lots.

Marketmen said adequate stocks in the markets following increased arrivals from producing amid lower demand in the spot market mainly led to decline in potato futures.

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