Potato up 0.2% on pick-up in demand

Commodity for April contract edged up by 0.09%

Potato prices gained 0.22% to Rs 1,108.50 per quintal in futures trade today as speculators created positions on pick-up in demand in the spot market amid restricted arrivals.

At the Multi Commodity Exchange, potato for delivery in March rose by Rs 2.40, or 0.22%, to Rs 1,108.50 per quintal in business turnover of 109 lots.

Potato for April contract also edged up by Re one, or 0.09%, to Rs 1,152.80 per quintal in 32 lots.

Analysts said besides rising demand in spot markets, restricted arrivals from producing belts also influenced potato prices at futures trade.