Potato futures rise as demand picks up

Restricted arrivals also supported prices

Amid a pick-up in demand in the spot market, potato prices rose by Rs 17.70 to Rs 1,175.90 per quintal in futures trade today.

At the MCX, potato for delivery in August rose by Rs 17.70, or 1.53%, to Rs 1,175.90 per quintal in business turnover of 13 lots.

The potato for delivery in the June contract edged up by Rs 7.80, or 0.73%, to Rs 1,069.70 per quintal in 35 lots.

Market analysts said pick-up in demand in the spot market amid restricted arrivals from producing belts mainly pushed up potato prices at futures market.