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Potato extends gains on spot demand

Restricted supplies supported the gain

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Press Trust of India New Delhi

Potato prices rose by Rs 12.10 to Rs 1,151.80 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, potato for the July contract rose by Rs 12.10, or 1.06%, to Rs 1,151.80 per quintal with a trading volume of 110 lots.

The June contract also increased by Rs 8.70, or 0.80%, to Rs 1,092.90 per quintal, with a business volume of 66 lots.

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

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

 

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First Published: Jun 12 2012 | 12:39 PM IST

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