Potato futures extend losses on fresh arrivals

Potato futures extended their losses on 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. The contract for May delivery was trading at Rs 1304.00, down by 0.05% or Rs 0.70 from its previous closing of Rs 1304.70. The open interest of the contract stood at 338.00 lots. The contract for June delivery was trading at Rs 1344.00, down by 0.72% or Rs 9.80 from its previous closing of Rs 1353.80. The open interest of the contract stood at 1630.00 lots on MCX.