Potato up 0.1% on rising demand, tight supply

Potato prices moved up by Rs 1.10 to Rs 840 per quintal in futures trade today as speculators enlarged their positions following upsurge in demand in the spot market amid lower arrivals from producing region.

At the Multi Commodity Exchange, potato for delivery in September month rose by Rs 1.40, or 0.13% to Rs 544.90 per quintal in business turnover of 761 lots.

Market analysts said speculators enlarged their positions on upsurge in demand in the spot market against restricted arrivals from producing region mainly pushed up potato prices at futures trade.