Potato futures soften on increased supply

NEW DELHI, Sept 20:  Potato prices declined by 0.29 per cent to Rs 804.60 per quintal in futures trading today after speculators trimmed positions amid increased supplies from producing regions.

Besides, subdued demand in the spot market also put pressure.

At the Multi Commodity Exchange, potato for delivery in March softened by Rs 2.30, or 0.29 per cent to Rs 804.60 per quintal in business turnover of 21 lots.

Market analysts attributed the fall in potato futures to the increased supplies from producing regions against low demand in the spot market. (PTI)