Potato futures rise on spot demand

Potato futures prices rose by Rs 8.40 to Rs 663 per quintal in futures trade today on pick-up in demand in the spot market against restricted arrivals from the producing region.

At the Multi Commodity Exchange counter, potato for delivery in March rose by Rs 8.40, or 1.27 per cent, to Rs 663 per quintal, with a business turnover of two lots.

Likewise, the potato for April-month delivery moved up by Rs 5.70, or 0.90 per cent, to Rs 640.80 per quintal, with an open interest of just one lot.

Market analysts said pick-up in demand in the spot market, amid fall in arrivals from the producing regions led to the rise in potato futures price.