Potato moves up on NCDEX

Lower output expectations led to rise in prices

Potato prices rose by Rs 17.20 to Rs 1,107 per quintal in futures trading today as traders increased their holdings, triggered by reports of a fall in production in the major growing areas.

At the MCX, potato for delivery in June rose by Rs 17.20, or 1.54%, to Rs 1,107 per quintal, with a business turnover of 86 lots.

The May contract also gained Rs 14.10, or 1.32%, to Rs 1,080.10 per quintal, with a business turnover of 25 lots.

Market analysts said traders increased their holdings on reports of a fall in production in the major growing areas mainly led to a rise in potato prices at futures.