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Potato gains almost 2% on good spot demand

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Press Trust of India New Delhi

Potato prices gained 1.77% to Rs 775 per quintal in futures trade today as traders enlarged their positions on the back of rising demand in the spot market due to ongoing marriage season.

Lower arrivals from producing regions in the physical market also influenced potato prices.

At the Multi Commodity Exchange, potato for delivery in March gained Rs 13.50, or 1.77%, to Rs 775 per quintal, with a business turnover of 747 lots.

April potato rose by Rs 11.50, or 1.54%, to Rs 760 per quintal in 98 lots.

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

 

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First Published: Feb 14 2012 | 1:34 PM IST

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