Potato futures up 1.84% on spot demand
Potato prices rose further by Rs 10 to Rs 551 per quintal in futures trade today as traders enlarged their positions on pick-up in spot market demand.
Restricted supply from producing regions also supported the uptrend.
At the Multi Commodity Exchange, potato for delivery in June rose by Rs 10, or 1.84% to Rs 551 per quintal, with trading volume of 198 lots.
Potato for July delivery contract, traded higher by Rs 8.10, or 1.60% to Rs 605 per quintal, with a business volume of 196 lots.
Likewise, potato for delivery in May rose by Rs 7, or 1.17% to Rs 605 per quintal, with an open interest of 196 lots.
Market analysts said increased buying by traders and speculators on pick-up in spot market demand, led to rise in potato prices at futures trade.