Potato prices rose by 2.03% to Rs 592.90 per quintal in futures trade today as traders enlarged their positions on pick-up in spot demand.
At the Multi Commodity Exchange, potato for delivery in May moved up by Rs 11.80, or 2.03%, to Rs 592.90 per quintal, with a trading volume of 142 lots.
Likewise, its futures prices for delivery in June traded higher by Rs 8.50, or 1.54%, to Rs 562 per quintal, with a business volume of 26 lots. The potato for delivery in April increased by Rs 2.10, or 0.33%, to Rs 644.50 per quintal, with an open interest of 55 lots.
Market analysts said increased buying by traders and speculators on pick-up in spot demand mainly led to the rise in potato futures prices.
They said restricted arrivals from producing belts also influenced the trading sentiments to some extent.
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