Potato extends gains on spot demand

Potato prices rose by Rs 6.10 to Rs 1,110.40 per quintal in futures trade today as traders enlarged their positions on pick-up in spot market demand.

Sentiment improved further on restricted arrivals from producing regions.

At the MCX, the June contract rose by Rs 6.10, or 0.55%, to Rs 1,110.40 per quintal, with a trading volume of 30 lots.

The July contract also increased by Rs 3.50, or 0.30%, to Rs 1,170.80 per quintal, with a business volume of 3 lots.

Marketmen said the rise in potato prices at futures trade was attributed to the rising spot demand.

Restricted arrivals in the markets from producing belts also influenced the prices, they said.