Potato extend losses for fifth consecutive
day
26/05/2014 15:20
Potato prices fell by 0.63 per cent on Monday 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. Sentiment weakened further as traders offloaded their positions due to less demand of the agri commodity in the domestic markets due to excess stocks. Potato futures for May 2014 contract, at MCX, were trading at Rs 1,270.10 per 100 kg, down by 0.63 per cent after opening at Rs. 1,290 against the previous closing price of Rs. 1,278.10. It touched the intra-day low of Rs. 1,265 till the trading. (At 03.27 PM today).
26/05/2014 15:20
Potato prices fell by 0.63 per cent on Monday 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. Sentiment weakened further as traders offloaded their positions due to less demand of the agri commodity in the domestic markets due to excess stocks. Potato futures for May 2014 contract, at MCX, were trading at Rs 1,270.10 per 100 kg, down by 0.63 per cent after opening at Rs. 1,290 against the previous closing price of Rs. 1,278.10. It touched the intra-day low of Rs. 1,265 till the trading. (At 03.27 PM today).
