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12-Dec2013

Potato futures decline on MCX on account of profit booking

Potato futures traded down on MCX on account of profit booking by traders and speculators at higher levels. The prices are expected to rise further as reports of restricted supplies from producing belts may keep inducing demand in the coming time.

The contract for March delivery was trading at Rs 922.00, down by 1.00% or Rs 9.30 from its previous closing of Rs 931.30. The open interest of the contract stood at 1202.00 lots.

The contract for April delivery was trading at Rs 907.50, down by 1.79% or Rs 16.50 from its previous closing of Rs 924.00. The open interest of the contract stood at 468.00 lots on NCDEX.


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