Potato hit daily upper limit on spot demand

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:48 AM IST

Potato prices hit daily upper limit by rising four per cent, to Rs 524.70 per quintal in futures trade today, supported by a firming demand at spot markets.

Fall in supplies from producing regions also gave a positive impact on the potato prices in futures trade.

At the Multi Commodity Exchange counter, potato for October contract rose Rs 20.20, or four per cent, to Rs 524.70 per quintal, with a trading volume of 1,846 lots.

Potato for March contract traded higher by Rs 11.30, or 1.90 per cent, to Rs 606.20 per quintal, with a business volume of 586 lots, while April delivery inched up by Rs 9.20, or 1.54 per cent, to Rs 605.70 per quintal, with an open interest of 22 lots.

Marketmen said firm spot demand against fall in supplies from producing belts mainly led to a rise in potato prices at futures trade.

*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: Sep 17 2010 | 4:10 PM IST

Next Story