Potato futures trade lower on increased supplies

Potato futures traded lower on MCX as speculators offloaded positions, driven by increased supplies pressure from producing regions. Moreover, sluggish demand in the spot market against adequate stocks position in the physical market also dampened the sentiments. The contract for May delivery was trading at Rs 1319.80, down by 0.46% or Rs 6.10 from its previous closing of Rs 1325.90. The open interest of the contract stood at 424.00 lots. The contract for June delivery was trading at Rs 1351.80, down by 0.60% or Rs 8.20 from its previous closing of Rs 1360.00. The open interest of the contract stood at 1709.00 lots on MCX.