Potato moves up on good demand

The ongoing Navratri festival is the reason for the demand

Potato prices moved up by Rs 4.70 to Rs 939.50 per quintal in futures trading today on good spot market demand supported by ongoing 'Navratri' festival against limited arrivals from producing belts.

At the Multi Commodity Exchange, the March delivery gained Rs 4.70, or 0.64%, to Rs 739.50 per quintal, with a business turnover of single lot.

The May potato also edged up by Rs 4.50, or 0.61%, to Rs 939 per quintal, with a business turnover of two lots.

Marketmen said besides good demand in the spot market for the auspicious 'Navratri' festival, less arrivals from producing belts mainly led to rise in potato futures.