Potato futures edge lower on sluggish demand

Potato futures edged lower on MCX as traders offloaded their holdings at existing higher levels, tracking a weak spot market trend on sluggish demand. However, limited supply of potato on the back of bad weather condition in potato-producing states restricted the further losses in prices. The contract for April delivery was trading at Rs 1306.00, down by 0.58% or Rs 7.60 from its previous closing of Rs 1313.60. The open interest of the contract stood at 269.00 lots. The contract for May delivery was trading at Rs 1406.30, down by 1.26% or Rs 17.90 from its previous closing of Rs 1424.20. The open interest of the contract stood at 1658.00 lots on MCX.