Potato prices decline on slow demand

Posted By: Religare
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Potato prices fell at the domestic markets as a result of the slow demand in the spot market. Moreover, the traders restricted their holdings at the prevailing higher levels tracking the decline in the trend at the spot market which also influenced the prices of the potato prices.

Potato futures for March 2012 contract, at MCX, were trading at Rs. 642.20 per 100 kg, down by 0.26% after opening at Rs. 644 against the previous closing price of Rs. 643.90. It touched the intra-day low of Rs. 641.80 till the trading. (At 10.52 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: futures, potato, spot market
Story first published: Friday, December 30, 2011, 12:30 [IST]
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