Potato rises on high spot demand

August contract gains 0.66%, July up 0.2%, as lower arrivals from growing areas add to uptrend

Potato futures prices today rose by Rs 8.40 to Rs 1,289 per quintal owing to pick-up in demand in the spot market against limited arrivals.

At the Multi Commodity Exchange, potato for delivery in August rose by Rs 8.40, or 0.66%, to Rs 1,289 per quintal in business turnover of six lots.

The July contract edged up by Rs 2.30, or 0.20%, to Rs 1,172 per quintal in 14 lots.

Market analysts said the rise in potato prices at futures trade was due to pick-up in demand in the spot market  against restricted arrivals from producing regions.