Potato rises 0.44% on spot demand

Restricted arrivals influence prices

Potato prices rose by Rs 1.70 to Rs 1,065 per quintal in futures trading today as traders enlarged positions, driven by pick up in spot demand amid restricted arrivals from producing belts.

At the Multi Commodity Exchange, potato for delivery in October rose by Rs 1.70, or 0.44%, to Rs 1,065 per quintal, with a business turnover of 29 lots.

March potato traded higher by 20 paise, or 0.03%, to Rs 739.10 per quintal, with a business turnover of three lots.

Marketmen said increased buying by traders on the back of a pick up in spot market demand against arrivals from producing belts helped potato futures to trade higher.