Potato rises on tight supply, spot demand

September potato up 0.22% as tradeors einlarge postions, October contract gains 0.17%

Potato prices rose by Rs 3.10 to Rs 1,420.90 per quintal in futures market today as traders enlarged their positions, driven by pick-up in spot market demand amid tight supply.

Tight supplies in the physical market following limited arrivals from producing belts also supported the uptrend in potato, marketmen said.

At the Multi Commodity Exchange, potato for delivery in September gained Rs 3.10, or 0.22%, to Rs 1,420.90 per quintal, with a business turnover of two lots.

The October contract edged up by Rs 2.60, or 0.17%, to Rs 1,525 per quintal in a single lot.