Potato buoyant as demand picks up

June contract up 0.46%, July potato adds 0.05%, as lower arrivals from producing areas also boosts prices

Potato prices remained higher for the second straight in futures trading today by adding Rs 5.10 to Rs 1,069.40 per quintal on sustained buying by speculations driven by improved spot demand amid lower arrivals.

At the Multi Commodity Exchange, potato for delivery in June gained Rs 5.10, or 0.46%, to Rs 1,069.40 per quintal in business turnover of 9 lots.

The July contract traded higher by 60 paise, or 0.05%, to Rs 1,098.90 per quintal in 2 lots.

Marketmen said besides pick-up in demand in the spot market, decline in arrivals from producing belts kept potato futures remain higher.