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22-Feb2014

Potato futures edge lower on weak demand

Potato futures edged lower on MCX on account of offloading of positions by speculators, triggered by higher supplies in mandis from producing regions. Further, weak demand in the spot market against adequate stocks also dampened the sentiments.

The contract for March delivery was trading at Rs 1180.80, down by 0.86% or Rs 10.30 from its previous closing of Rs 1191.10. The open interest of the contract stood at 1208.00 lots.

The contract for April delivery was trading at Rs 1192.00, down by 0.86% or Rs 10.40 from its previous closing of Rs 1202.40. The open interest of the contract stood at 835.00 lots on MCX.


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