Potato futures high on good spot demand

Potato futures prices continued to rise for the third straight day in futures trading today by Rs 7.90 to Rs 671.50 per quintal on a rise in demand in the spot market against less arrivals from the producing region.

At the Multi Commodity Exchange counter, potato for delivery in March moved up by Rs 7.90, or 1.19 per cent, to Rs 671.50 per quintal, with a business turnover of eight lots.

The potato for April-month delivery gained Rs 7.20, or 1.11 per cent, to Rs 653 per quintal, with an open interest of two lots.

Market analysts said rising demand in the spot market against restricted arrivals from the producing region helped potato prices to move up.