Potato futures rise on spot demand

Potato prices rose by Rs 11.20 to Rs 737.50 per quintal in futures trade today, as speculators created fresh positions, triggered by pick up in demand in the spot market. 

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

At the Multi Commodity Exchange, potato for March contract rose by Rs 11.20, or 1.54 per cent, to Rs 737.50 per quintal, with a business volume of a single lot.

The potato for delivery in May contract also gained Rs 8.60, or 1.16 per cent, to Rs 755.60 per quintal, with a business volume of one lot.

Market analysts said pick up in spot demand due to the ongoing marriage season led to the rise in potato futures prices.