Potato prices fall on sluggish demand

Potato futures fell as a result of the slow demand in the spot market. Moreover, the traders offloaded their holdings at the existing higher levels tracking the fall in the trend at the spot market which also influenced the prices of the potato prices. Potato futures for March 2012 contract, at MCX, was trading at Rs. 634 per 100 kg, down by 1.23% after opening at Rs. 639.90 against the previous closing price of Rs. 641.90. It touched the intra-day low of Rs. 631.10 till the trading. (At 10.30 AM today).

There are four-potato export zone in India viz. in UP, Punjab, MP and West Bengal.

The major potato markets in UP are Agra, Hathras, Kanpur, Meerut, Farrukkhabad; Jalandhar, Ludhiana, Phul and Patiala in Punjab; Ujjain, Indore and Dewas in MP and Hoogly, Burdwan and Howrah in West Bengal.

Read more about: commodity, futures, mcx
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