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18-Jan2014

Potato futures decline on sluggish demand

Potato futures traded down on MCX as a result of easy availability in the physical markets following fresh arrivals from producing regions in UP, Punjab, MP and West Bengal. Further, speculators offloaded their positions due to low demand in spot markets against higher supplies from producing belts.

The contract for March delivery was trading at Rs 1026.70, down by 1.85% or Rs 19.30 from its previous closing of Rs 1046.00. The open interest of the contract stood at 1687.00 lots.

The contract for April delivery was trading at Rs 1032.50, down by 1.94% or Rs 20.40 from its previous closing of Rs 1052.90. The open interest of the contract stood at 831.00 lots on MCX.


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