Potato futures shed 1.48 pc on increased arrivals

NEW DELHI, Apr 17: Potato prices shed 1.48 per cent to Rs 1,086 per quintal in futures trade today, as speculators offloaded their positions, triggered by increased arrivals from producing regions at spot market.
At the Multi Commodity exchange, potato for delivery in May month fell by Rs 16.30, or 1.48 per cent, to Rs 1,086 per quintal in business turnover of 102 lots.
Likewise, the potato for delivery in April contract moved down by Rs 15.20, or 1.25 per cent, to Rs 1,204 per quintal in 57 lots.
Market analysts said speculators offloaded their positions on the back of increased arrivals from producing belts in the spot market mainly kept pressure on potato prices at futures market. (PTI)