Potato futures remain up on rising demand

Potato gained Rs 24.80 to Rs 1,255 per quintal, extending Wednesday's gains, in futures trading today on rising demand against lower arrivals from key producing region.

Expectations of a fall in production in the major growing states of Uttar Pradesh and West Bengal further supported the uptrend in potato futures.

At the MCX, potato for delivery in July gained Rs 24.80, or 2.02%, to Rs 1,255 per quintal, with a business turnover of 17 lots.

Potato for delivery in May contract also edged up by Rs 2.20, or 0.20%, to Rs 1,113 per quintal, with a business turnover of 34 lots.

Market analysts said rising demand in the spot market amid restricted arrivals from producing region mainly pushed potato futures prices higher.