Potato futures trade lower on fresh arrivals

Potato futures traded lower on MCX as speculators offloaded their positions, driven by weak trend in the spot market. Besides, easy availability in the physical markets following fresh arrivals from producing regions in UP, Punjab, MP and West Bengal also weighed on the prices. The contract for May delivery was trading at Rs 1283.20, down by 0.41% or Rs 5.30 from its previous closing of Rs 1288.50. The open interest of the contract stood at 241.00 lots. The contract for June delivery was trading at Rs 1323.00, down by 0.62% or Rs 8.20 from its previous closing of Rs 1331.20. The open interest of the contract stood at 1653.00 lots on MCX.