Potato up 0.9% on spot demand

Potato for delivery in April moved up by 0.88%

Potato prices recovered by 0.90% to Rs 838.50 per quintal in futures trade today as speculators created fresh positions on hopes of a pick-up in demand at spot markets ahead of "Navratras" festival.

At the Multi Commodity Exchange, potato for delivery in March recovered by Rs 7.50, or 0.90% to Rs 838.50 per quintal in business turnover of 31 lots.

The potato for delivery in April also moved up by Rs 7, or 0.88% to Rs 802 per quintal in 7 lots.

Analysts said fresh positions created by speculators on expectations that the demand in the spot markets might pick up for the 'navratras' festive beginning tomorrow, influenced potato prices at futures trade.