 "Potato remains up by 0.5% on increased demand")
In restricted deals, potato prices remained up for the second straight day and rose by another Rs 4 to Rs 794 per quintal in futures trading today as speculators enlarged their positions on the back of increased demand in the spot market.
Besides, tight stocks position in physical market due to less arrivals from producing region supported the upsurge.
At the Multi Commodity Exchange, potato for delivery in September added another Rs 4, or 0.52% to Rs 794 per quintal in business turnover of 39 lots.
Market analysts said speculators enlarged their positions on the back of increased demand in the spot market amid lower arrivals from producing regions mainly led to an upward movement in potato prices at futures trade.
Besides, tight stocks position in physical market due to less arrivals from producing region supported the upsurge.
At the Multi Commodity Exchange, potato for delivery in September added another Rs 4, or 0.52% to Rs 794 per quintal in business turnover of 39 lots.
Market analysts said speculators enlarged their positions on the back of increased demand in the spot market amid lower arrivals from producing regions mainly led to an upward movement in potato prices at futures trade.
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