 "Potato up 0.5% on spot demand, tight supply")
Potato prices up by 0.59% to Rs 881 per quintal in futures market today as speculators created fresh positions on the back of a rise in demand in the spot market against tight supplies following lower arrivals from producing regions.
At the Multi Commodity Exchange, potato for delivery in March month rose by Rs 5.20, or 0.59%, to Rs 881 per quintal in business turnover of 25 lots.
The potato for delivery in April also traded higher by Rs 2.30, or 0.27%, to Rs 848 per quintal in 2 lots.
Analysts said fresh positions created by speculators on the back of a rise in demand in the spot markets against tight supplies on lower arrivals from producing regions mainly helped potato prices to trade higher at futures trade.
At the Multi Commodity Exchange, potato for delivery in March month rose by Rs 5.20, or 0.59%, to Rs 881 per quintal in business turnover of 25 lots.
The potato for delivery in April also traded higher by Rs 2.30, or 0.27%, to Rs 848 per quintal in 2 lots.
Analysts said fresh positions created by speculators on the back of a rise in demand in the spot markets against tight supplies on lower arrivals from producing regions mainly helped potato prices to trade higher at futures trade.
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