Potato gains 1.69% on spot demand, tight supply

Potato prices gained 1.69% to Rs 774 per quintal in futures trading today as speculators created fresh positions, driven by a pick up in demand in the spot market amid tight supplies from producing belts.     

At the Multi Commodity Exchange, the March potato gained Rs 12.90, or 1.69% to Rs 774 per quintal in business turnover of 46 lots.

The March contract also moved up by Rs 12.90, or 1.63% to Rs 803.10 per quintal in 37 lots.

Market analysts said speculators created fresh positions on the back of pick up in demand in the spot market amid restricted arrivals from producing belts mainly led to rise in potato prices at futures market.