Potato fall on subdued demand

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On January 25, 2011, the prices of potato for the April contract declined by Rs 5.20, or 0.77 per cent, to Rs 664.10 per quintal, with business turnover of 80 lots at the Multi Commodity Exchange (MCX) since the traders booked profits tracking the decline in the demand at the spot market.

The potato for the March contract also traded lower by Rs 5.10, or 0.74 per cent, to Rs 682.10 per quintal in 302 lots at the MCX.

The commodity for the May contract fell by Rs 4.70, or 0.67 per cent, to Rs 696 per quintal, with an open interest of 18 lots at the MCX.

Moreover, sufficient stock holdings at the spot market due to the higher supply from the growing belts also influenced the prices.

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