Potato rises 1.5% on spot demand
Increased buying by traders and speculators on pick up in the spot market demand mainly led to a rise in potato prices
Potato prices rose by Rs 16.60 to Rs 1,134 per quintal in futures trade today as traders enlarged their positions on pick up in spot market demand amid low stocks.
At the MCX, the July contract rose by Rs 16.60, or 1.48%, to Rs 1,134 per quintal, with a trading volume of 31 lots.
The June delivery traded higher by Rs 11.70, or 1.09%, to Rs 1,076 per quintal, with a business volume of 50 lots.
Marketmen said increased buying by traders and speculators on pick up in the spot market demand mainly led to a rise in potato prices at futures trade.
They said restricted arrivals from producing belts in UP, Punjab, MP and West Bengal also influenced the trading sentiment to some extent.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 18 2012 | 3:05 PM IST