Potato futures rise 1.50% on spot demand

 

New Delhi

Potato prices rose by Rs 8.90 to Rs 605.70 per quintal today, as traders enlarged their positions on pick up in spot market demand.

Restricted supply from producing regions also supported the uptrend.

At the Multi Commodity Exchange counter, potato for March delivery rose by Rs 8.90, or 1.50 per cent, to Rs 605.70 per quintal, with a trade volume of 110 lots.

Potato for April-month contract traded higher by Rs 8, or 1.36 per cent, to Rs 593 per quintal, with a business volume of 58 lots, while May delivery up by 7.60 or 1.26 per cent, to Rs 611 per quintal in three lots.

 

Marketmen said increased buying by speculators on pick up in demand in the spot market, mainly led to rise in potato futures prices trade.

They said restricted arrivals from producing belts in Agra and Haldwani also influenced the trading sentiment to some extent.