Potato futures fall on profit taking

Potato futures fall on profit taking
Description : Industry
Date : Aug-20-2010

The potato prices fell by Rs 6.70, or 1.66 per cent, to Rs 397.30 per quintal in futures trading today due to the profit booking by the speculators at existing higher levels following the weak demand in the spot markets.

At the Multi Commodity Exchange (MCX), the potato for September-month dipped by Rs 6.70, or 1.66 per cent, to Rs 397.30 per quintal, with an open interest of 2,191 lots. While, the potato for delivery in October also dropped by Rs 1.40, or 0.34 per cent, to Rs 413.50 per quintal.

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