Potato rises marginally on spot demand

Tuber gains 0.5% as speculators expand positions amid restricted arrivals

Press Trust of India New Delhi
Last Updated : Dec 10 2013 | 2:00 PM IST
Potato prices edged higher by 0.49 per cent to Rs 939.60 per quintal in futures market today on speculators increasing their positions driven by firming spot markets trend amid restricted arrivals.
    
At the Multi Commodity Exchange, potato for delivery in March traded higher by Rs 4.60, or 0.49 per cent, to Rs 939.60 per quintal, with a business turnover of 49 lots.
    
The April contract edged up by Rs 3, or 0.32 per cent, to Rs 922 per quintal, with a trading volume of 11 lots.
    
Analysts said improved demand against less arrivals from producing regions mainly helped potato prices to trade marginally higher at futures trade.
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First Published: Dec 10 2013 | 1:57 PM IST

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