Potato prices falls 3% on high supply

Potato prices fell by Rs 33.40 to Rs 1,080.90 per quintal in futures trade.

Written by Agencies | New Delhi | Published: September 5, 2012 1:42 pm

Potato prices fell by Rs 33.40 to Rs 1,080.90 per quintal in futures trade today on increased supplies from producing belts against lower demand.

At the Multi Commodity Exchange,potato for delivery in September month fell by Rs 33.40,or three per cent to Rs 1,080.90 per quintal,with a business turnover of 16 lots.

The potato for delivery in October also declined by Rs 12.50,or 1.05 per cent,to Rs 1,175 per quintal,with a business turnover of 46 lots.

Experts said increased supplies from producing belts in the spot markets against lower demand mainly kept pressure on potato futures.

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