For Quick Alerts
For Daily Alerts

    Potato slips on weak demand, sufficient stocks

    By Religare

    Potato prices fell by 0.34 per cent on Monday at the domestic markets as traders offloaded their positions due to low demand in the domestic markets in the midst of adequate stocks. Potato futures for October 2012 contract, at MCX, were trading at Rs. 1,046 per 100 kg, down by 0.34 per cent after opening at Rs. 1,040 against the previous closing price of Rs. 1,049.60. It touched the intra-day low of Rs. 1,040 till the trading. (At 2.34 PM today).


    Sentiment weakened further as a result of easy availability in the physical markets following fresh arrivals from producing regions in UP, Punjab, MP and West Bengal.

    Moreover, prices also fell as the spot price was above future price which led to a backwardation of potato prices in turn curbing the demand for the commodity in the domestic spot market.

    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: mcx
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more