Potato rebounds on fall in arrivals, spot demand

September contract falls 0.29%

Potato prices rose by Rs 3.80 to Rs 1,300 per quintal in futures trade today as traders created fresh positions, tracking a better spot market trend.

At the Multi Commodity Exchange, potato for delivery in September rose by Rs 3.80, or 0.29%, to Rs 1,300 per quintal in a business turnover of six lots.

October potato traded higher by Rs 3.10, or 0.22%, to Rs 1,410 per quintal in seven lots.

Market analysts said fresh positions created by traders, tracking a firm trend at the spot market on pick up in demand, led to the rise in potato futures.