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04-Jan2014

Potato futures extend losses on lower demand

Potato futures extended their losses on MCX as speculators trimmed positions owing to low demand in the spot market. Besides, adequate stock on the back of higher supplies from producing belts also weighed the sentiments.

The contract for March delivery was trading at Rs 972.80, down by 0.69% or Rs 6.80 from its previous closing of Rs 979.60. The open interest of the contract stood at 1488.00 lots.

The contract for April delivery was trading at Rs 960.50, down by 1.01% or Rs 9.80 from its previous closing of Rs 970.30. The open interest of the contract stood at 851.00 lots on MCX.


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