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01-Feb2014

Potato futures edge lower on easy availability

Potato futures edged lower 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 positions due to low demand in spot markets also influenced the potato prices.

The contract for March delivery was trading at Rs 1051.90, down by 0.89% or Rs 9.40 from its previous closing of Rs 1061.30. The open interest of the contract stood at 1404.00 lots.

The contract for April delivery was trading at Rs 1087.50, down by 0.66% or Rs 7.20 from its previous closing of Rs 1094.70. The open interest of the contract stood at 801.00 lots on MCX.


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