Potato up 0.1% on spot demand

Analysts said increased positions built up by speculators supported by rising demand in the spot market nfluenced potato prices

Potato prices moved up by 0.14% to Rs 885 per quintal in futures market today as speculators built up fresh positions, driven by pick up in demand in the spot market.

At the Multi Commodity Exchange, potato for delivery in far-month March rose by Rs 1.20, or 0.14%, to Rs 885 per quintal in business turnover of 20 lots.

Analysts said increased positions built up by speculators supported by rising demand in the spot market against restricted arrivals from producing regions mainly influenced potato prices in futures trade.