Potato futures remain higher on spot demand

Restricted arrivals from key producing areas also supported prices

Potato prices rose by Rs 6.40 to Rs 1,127.90 per quintal in futures trade today as traders created fresh positions on rising demand in the spot market amid restricted arrivals from producing regions.

Expectations of a decline in production in the major growing states of Uttar Pradesh and West Bengal further influenced the market sentiment.

At the MCX, potato for June rose by Rs 6.40, or 0.57%, to Rs 1,127.90 per quintal, with a trading volume of 51 lots.

Potato for delivery in May also traded higher by Rs 6, or 0.56%, to Rs 1,074 per quintal, with a business volume of 46 lots.

Marketmen attributed the rise in potato prices at futures trade to the rising spot demand against restricted arrivals.