Potato futures rises on spot demand

Potato futures prices rose by Rs 13.40, or 2.23 per cent, to Rs 613 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 platform, potato for March month contract rose by Rs 13.40, or 2.23 per cent, to Rs 613 per quintal, with business turnover of 102 lots.

Potato for May delivery traded higher by Rs 4.30, or 0.72 per cent, to Rs 604 per quintal, with a business volume of two lots, while April month delivery up by Rs 3.30 or 0.56 per cent to Rs 588 per quintal, clocking in an open interest of 51 lots.

 

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

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