Potato futures fall 0.33 pc on reduced offtake

NEW DELHI, Mar 18: Potato futures prices declined by 0.33 per cent to Rs 1,178 per quintal today as speculators offloaded their positions amid adequate stocks in the physical markets on increased arrivals from producing regions.
At the Multi Commodity Exchange, potato for March delivery fell by Rs 4, or 0.33 per cent, to Rs 1,178 per quintal, with a business volume of 9 lots.
For delivery in April, potato traded lower by Rs 3.80, or 0.31 per cent, to Rs 1,197 per quintal, with a trade volume of 17 lots.
Marketmen said fall in potato prices at futures trade was mostly owing to offloading of positions by speculators amid subdued demand in the spot market amid increased supplies in the physical market. (AGENCIES)