Wednesday, 30 April 2014

Potato futures decline on weak demand

Potato futures declined on MCX due to offloading of positions by speculators, triggered by weak demand in the spot market. Adequate stocks availability in the physical market following increased arrivals from producing belts also led to the downside of the commodity prices.
The contract for April delivery was trading at Rs 1297.00, down by 0.08% or Rs 1.00 from its previous closing of Rs 1298.00. The open interest of the contract stood at 146.00 lots.
The contract for May delivery was trading at Rs 1393.30, down by 1.02% or Rs 14.40 from its previous closing of Rs 1407.70. The open interest of the contract stood at 1356.00 lots on MCX.

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