Potato futures gain 1.16% on spot demand

Restricted arrivals in the market also pulls potato prices higher

Potato prices rose by Rs 13.10 to Rs 1,139 per quintal in futures trading today as traders created fresh positions on the back of rise in demand in the spot market.

Less arrivals from producing regions further fuelled the uptrend in potato futures.

At the MCX, potato for delivery in June rose by Rs 13.10, or 1.16%, to Rs 1,139 per quintal with an open interest of 62 lots.

The May contract moved up by Rs 10.80, or 1.01%, to Rs 1,081 per quintal in 101 lots.

Market analysts said the rise in potato prices at futures was due to good spot market demand supported by the ongoing marrige season against restricted arrivals.