Potato rises 0.7% on spot demand

Restricted arrivals influence prices

Potato prices rose by Rs 4.90 to Rs 705 per quintal in futures trading today as traders enlarged positions on hopes of a rise in demand during the festive season.

At the Multi Commodity Exchange, potato for delivery in April rose by Rs 4.90, or 0.70%, to Rs 705 per quintal, with a business turnover of four lots.

March potato edged up by Rs 2.30, or 0.32%, to Rs 730.20 per quintal, with a business turnover of 20 lots.

Marketmen said besides pick up in spot market demand due to the festive season, restricted arrivals from producing regions influenced potato futures.