Potato remains higher 3% on physical demand

Potato prices rose further by Rs 17.90, or 3.00 per cent, to Rs 613.90 per quintal in futures market today, as traders enlarged positions, driven by firm spot demand during the festive season.

Fall in supplies from producing belts due to heavy rains, also influenced potato futures.

At the Multi Commodity Exchange platform, potato for October contract rose by Rs 17.90, or three per cent, to Rs 613.90 per quintal, with a trading volume of 59 lots.

Similarly, the potato for March contract surged by Rs 15.20, or 2.28 per cent, to Rs 682 per quintal, with a business volume of 491 lots, while April delivery up was by Rs 12.70, or 1.92 per cent, to Rs 663 per quintal, with a business volume of 146 lots.

 

Marketmen said firming trend at the spot markets on seasonal demand and fall in supplies from producing regions such as Haldwani and Agra following heavy rains, attributed to the rise in potato futures prices here.