Potato futures gain on better spot market demand

Potato futures prices gained Rs 2.80 to Rs 427.30 per quintal today on increased demand in the spot market against tight supply.

At the Multi Commodity Exchange, potato for September delivery gained Rs 2.80, or 0.66%, to Rs 427.30 per quintal, with a business volume of 40 lots.

Potato for July delivery traded marginally higher by 70 paise, or 0.15%, to Rs 473.90 per quintal, with a business turnover of 40 lots.

Market analysts said increased demand in the spot market against tight supply, following less arrivals from producing belts mainly led to a rise in potato prices at futures trade.