Potato gains 2% on spot demand

Potato futures prices today gained Rs 25.70 to Rs 1,232 per quintal as traders enlarged their positions, driven by a pick-up in spot demand amid fall in arrivals.

At the MCX, potato for delivery in August rose by Rs 25.70, or 2.13%, to Rs 1,232 per quintal in business turnover of 14 lots.

The June contract also moved up by Rs 6.60, or 0.60%, to Rs 1,101 per quintal in 76 lots.

Marketmen said increased buying by traders after pick-up in demand spot in the spot market, mainly led to a rise in potato prices at futures trade.

They said decline in arrivals from producing belts in UP, Punjab, MP and West Bengal also influenced the trading sentiment to some extent.