Potato falls by 2.34% on weak demand
09/07/2014 16:16
Potato prices fell by 2.34 per cent on Wednesday at the Multi Commodity Exchange (MCX) 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 2014 contract, at MCX, were trading at Rs 1,350 per 100 kg, down by 2.34 per cent after opening at Rs. 1,390 against the previous closing price of Rs. 1,382.30. It touched the intra-day low of Rs. 1,350 till the trading. (At 4.15 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.
09/07/2014 16:16
Potato prices fell by 2.34 per cent on Wednesday at the Multi Commodity Exchange (MCX) 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 2014 contract, at MCX, were trading at Rs 1,350 per 100 kg, down by 2.34 per cent after opening at Rs. 1,390 against the previous closing price of Rs. 1,382.30. It touched the intra-day low of Rs. 1,350 till the trading. (At 4.15 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.
