For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Potato continues its downward journey; falls on weak demand

By Religare
|

Potato prices continued its downward journey, falling for the fourth day on Friday at the domestic markets as a result of easy availability in the physical markets following fresh arrivals from producing regions in UP, Punjab, MP and West Bengal. Potato futures for July 2013 contract, at MCX, were trading at Rs 838 per 100 kg, down by 0.24 per cent after opening at Rs. 837 against the previous closing price of Rs. 840. It touched the intra-day low of Rs. 830 till the trading. (At 2.45 PM today).

 

Sentiment weakened further as traders offloaded their positions due to low demand in the domestic markets in the midst of adequate stocks.

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:
Story first published: Friday, June 28, 2013, 22:51 [IST]
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