Potato up 1.9% on rising demand, limited supply
Potato for March contract traded higher by 1.52%
Press Trust of India New Delhi Potato prices rose by 1.93% to Rs 790 per quintal in futures trade today as traders enlarged their holdings on account of a surge in the spot market.
Sentiment improved further as a result of a rise in demand in the spot market against restricted arrivals from the major producing regions.
At the Multi Commodity Exchange, potato for April contract rose by Rs 15, or 1.93% to Rs 790 per quintal, with a trading volume of 29 lots.
The delivery for March also traded higher by Rs 12.30 or 1.52%, to Rs 819 per quintal with a business volume of 73 lots.
Marketmen said the rise in potato prices at futures trade was attributed to the firm spot demand against restricted arrivals from the major producing regions.