Potato remains up on rising demand

Rising demand in the spot market and restricted arrivals from producing regions gave a push to rising potato prices

Potato prices maintained their upward march for the third straight day by adding Rs 6.30 to Rs 1,189.50 per quintal in futures market today on rising demand against less arrivals from producing region.

Expectations of a fall in production in the major growing areas further fueled the upswing in potato prices.

At the Multi Commodity Exchange, the June contract added Rs 6.30, or 0.53%, to Rs 1,189.50 per quintal, with a business turnover of 11 lots.

The May contract edged up by Rs 1.30, or 0.13%, to Rs 1,114.10 per quintal in 26 lots.

Market analysts said apart from rising demand in the spot market, restricted arrivals from producing regions also gave push to rising potato prices at futures trade.