Potato rises 0.63% on spot demand

Lower arrivals from producing regions in UP, Punjab, West Bengal influence prices

Potato prices rose by Rs 5 to Rs 790 per quintal in futures trade today, largely supported by pick-up in spot markets demand against restricted supply.

At the Multi Commodity Exchange, potato for March contract rose by Rs 5, or 0.63 per cent, to Rs 790 per quintal, with a trading volume of 13 lots.

The April contract traded higher by Rs 2.40, or 0.31 per cent, to Rs 755 per quintal with a business volume of 11 lots.

Marketmen said the rise in potato prices at futures trade was due to rising spot demand.

Restricted arrivals from producing belts in Uttar Pradesh, Punjab and West Bengal also influenced the prices, they said.