Potato gains by 0.9% on strong demand

Potato prices rose further by Rs 7 to Rs 817.90 per quintal in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on strong demand.

 

Tight supplies in the physical market from producing regions also supported the uptrend.

 

At the Multi Commodity Exchange, potato for delivery in September added Rs 7, or 0.86% to Rs 817.90 per quintal in business turnover of 93 lots.

 

The potato for delivery in far-month March also gained Rs 4.60, or 0.56% to Rs 842 per quintal in 3 lots.

 

Market analysts attributed persistent rise in potato futures to strong demand in the spot market against tight supplies following tight supplies from producing belts.