Potato up 0.5% on spot demand

Less arrivals help uptrend

Potato prices moved up by Rs 6.90 to Rs 1336.60 per quintal in futures trade today as traders enlarged their positions, tracking a firm trend at the spot market on pick up in demand.

Fall in arrivals from producing belts in the physical market fuelled the uptrend.

At the Multi Commodity Exchange, potato for delivery in August rose by Rs 6.90, or 0.52%, to Rs 1,336.60 per quintal in a business turnover of six lots.

September potato traded higher by Rs 6, or 0.43%, to Rs 1,406.20 per quintal in eight lots.

Market analysts said traders enlarged their positions, tracking a firm trend at the spot market on the back of a rise in demand amid fall in arrivals, pushing up potato prices at the futures market.