Potato futures remain up on better spot demand

Potato prices rose further by Rs 4.40 to Rs 415.10 per quintal in futures trade today as traders enlarged their positions, supported by festive season demand.

Tight supply in the physical market also influenced the trading sentiment to some extent. 

At the Multi Commodity Exchange, potato for October delivery rose by Rs 4.40, or 1.07%, to Rs 415.10 per quintal, with a business volume of 186 lots. 

The potato for August delivery also moved up by Rs 3.90, or 0.84%, to Rs 467 per quintal, with an open interest of 105 lots. Market analysts said increased buying by speculators, driven by a firming trend at the spot markets mainly led to the rise in potato futures prices.