Potato gains 0.82% on spot demand

Less arrivals influence prices

Potato prices rose marginally by 0.82% to Rs 746.50 per quintal in futures trade today as traders enlarged positions in tandem with a rising demand in spot markets against less arrivals from producing belts.

At the Multi Commodity Exchange, potato for delivery in March gained Rs 6.10, or 0.82%, to Rs 746.50 per quintal, with a business turnover of 38 lots.

October potato moved up by Rs 4, or 0.37%, to Rs 1,073.30 per quintal, with a business turnover of 39 lots.

Marketmen said increased buying by traders after pick up in spot market demand against less arrivals from producing belts led to the rise in potato futures.