Potato futures remain up on rising demand

Potato futures prices continued to rise by adding Rs 3.60, or 0.62 per cent, to Rs 587.40 per quintal today, as speculators enlarged their positions on rising demand in spot markets. 

Restricted arrivals in the physical market also influenced the trading sentiment.

At the Multi Commodity Exchange platform, potato for delivery in April rose by Rs 3.60, or 0.62 per cent, to Rs 587.40 per quintal, with a business turnover of two lots.

The potato for delivery in October also gained Rs 1.70, or 0.27 per cent, to Rs 622.50 per quintal, with a business turnover of just one lot.

 

Marketmen said pick up in demand in the spot market, supported by festive and marriage season, led to a rise in potato futures prices.