Potato extends gains, up 1.5% on increased demand

Speculators enlarge positions on lower arrivals from key producing areas

Potato prices extended gains for the second straight day by adding 1.49 per cent to Rs 1,064 per quintal in futures trade today as speculators enlarged their positions on increased demand in the spot market.
    
Tight stocks availability in the physical market due to lower arrivals from producing belts further fuelled the uptrend.
    
At the Multi Commodity Exchange, potato for delivery in April rose further by Rs 15.60, or 1.49 per cent, to Rs 1,064 per quintal in a business turnover of 102 lots.

    
March potato was up Rs 10.20, or 0.98 per cent, to Rs 1,048 per quintal in 302 lots.
      
Analysts said besides increased demand in the spot market, less arrivals from producing regions mainly kept potato prices higher for the second day at futures trade.