Potato futures rises 0.73% on firm spot demand

Potato prices rose by Rs 3 to Rs 468.80 per quintal in futures trading today as traders created fresh positions amid a pick-up in spot market demand. 

Restricted arrivals from producing regions also supported the uptrend.

On the Multi Commodity Exchange, potato for delivery in July rose by Rs 3, or 0.73%, to Rs 468.80 per quintal, with a business turnover of 52 lots.

Potato for delivery in June edged up by Rs 1.70, or 0.37%, to Rs 462 per quintal with an open interest for 20 lots. 

Market analysts said fresh buying by traders and speculators on the back of a pick-up in spot market demand mainly led to the rise in potato prices in futures trade. 

 

They added that restricted arrivals from producing belts also influenced the trading sentiment to some extent.