Potato futures up on rising spot demand

Potato futures prices rose by Rs 4.70 to Rs 723 per quintal today on pick up in demand in the spot market for the ongoing marriage season. 

At the Multi Commodity Exchange, potato for April contract rose by Rs 4.70, or 0.65 per cent, to Rs 723 per quintal, with a trade volume of just one lot.

The potato for delivery in March also moved up by Rs 3.70, or 0.51 per cent, to Rs 736 per quintal, with a trade volume of just one lot. 

Market analysts said pick up in demand in the spot market due to the ongoing marriage season, amid restricted arrivals from producing region mainly pushed up potato futures prices.