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30-Nov2013

Potato futures decline on lower demand

Potato futures traded lower on MCX as traders offloaded their positions due to lower demand in the domestic market amid adequate stocks. Further, increased supplies in the physical market from producing regions too influenced the downside.

The contract for March delivery was trading at Rs 886.00, down by 0.21% or Rs 1.90 from its previous closing of Rs 887.90. The open interest of the contract stood at 767.00 lots.

The contract for April delivery was trading at Rs 866.00, down by 0.15% or Rs 1.30 from its previous closing of Rs 867.30. The open interest of the contract stood at 358.00 lots on MCX.


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