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27-Nov2013

Potato futures extend losses on increased supply

Potato futures extended their losses on MCX on account of offloading of positions by speculators, driven by increased supplies from growing regions. However, improved export demand and overseas enquiries limited the further losses.

The contract for March delivery was trading at Rs 882.50, down by 0.05% or Rs 0.40 from its previous closing of Rs 882.90. The open interest of the contract stood at 753.00 lots.

The contract for April delivery was trading at Rs 862.00, down by 0.08% or Rs 0.70 from its previous closing of Rs 862.70. The open interest of the contract stood at 383.00 lots on MCX.


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