 "Potato up 4%, hit upper limit on strong demand")
Potato prices shot up by 4% to hit upper circuit at Rs 821.80 per quintal in futures trading today as speculators enlarged positions amid strong demand in the spot market against tight supplies.
At the Multi Commodity Exchange, potato for delivery in September month spurted by Rs 31.60, or 4% to Rs 821.80 per quintal in business turnover of 167 lots.
The potato for delivery in August contract also moved up by Rs 24, or 3.01% to Rs 822.60 per quintal in 148 lots.
Market analysts said speculators enlarged their positions, driven by strong demand in the spot market against tight supplies from producing regions following heavy rains mainly led to an upswing in potato prices, hitting upper limit of 4% at futures trade.
At the Multi Commodity Exchange, potato for delivery in September month spurted by Rs 31.60, or 4% to Rs 821.80 per quintal in business turnover of 167 lots.
The potato for delivery in August contract also moved up by Rs 24, or 3.01% to Rs 822.60 per quintal in 148 lots.
Market analysts said speculators enlarged their positions, driven by strong demand in the spot market against tight supplies from producing regions following heavy rains mainly led to an upswing in potato prices, hitting upper limit of 4% at futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%