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21-Jun2014

Potato futures trade lower on increased supplies

Potato futures traded lower on MCX on the back of increased supplies in physical markets following fresh arrivals from producing regions in UP, Punjab, MP and West Bengal. The sentiments further weakened as traders offloaded their positions on low demand in the spot markets.

The contract for June delivery was trading at Rs 1215.00, down by 4.44% or Rs 56.50 from its previous closing of Rs 1271.50. The open interest of the contract stood at 341.00 lots.

The contract for July delivery was trading at Rs 1253.90, down by 6.00% or Rs 80.00 from its previous closing of Rs 1333.90. The open interest of the contract stood at 1703.00 lots on MCX.


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