Potato futures rise on strong spot demand

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 8:04 PM IST

Potato prices surged by Rs 15.70 to Rs 669.50 per quintal in futures trade today as speculators created fresh positions on strong demand in the spot market due to the ongoing marriage season. 

Restricted arrivals from the producing region also supported the uptrend.   

At the Multi Commodity Exchange, potato for April contract surged by Rs 15.70, or 2.40 per cent to Rs 669.50 per quintal in a single lot.   

Similarly, the potato for delivery in March contract moved up by Rs 13.30, or 1.89 per cent to Rs 716.50 per quintal in one lot.

Market analysts said speculators increased their positions on strong demand in the spot market supported by the ongoing marriage season, which mainly pushed up the potato futures prices.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 07 2011 | 1:35 PM IST

Next Story