Thursday, 8 May 2014

Potato futures edge lower on adequate stocks position

Potato futures edged lower on MCX as speculators offloaded their positions, driven by weak trend in the spot market. Moreover, adequate stocks position following higher supplies from producing region against sluggish demand in the spot markets also dampened the sentiments.
The contract for May delivery was trading at Rs 1315.00, down by 0.45% or Rs 6.00 from its previous closing of Rs 1321.00. The open interest of the contract stood at 604.00 lots.
The contract for June delivery was trading at Rs 1350.80, down by 1.28% or Rs 17.50 from its previous closing of Rs 1368.30. The open interest of the contract stood at 1946.00 lots on MCX.

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