Potato up 0.2% on rising demand in spot markets

Commodity for delivery in April traded higher by 0.04%

Supported by pick up in demand in the spot market and restricted arrivals from producing belts, potato prices edged up by 0.27% to Rs 889.90 per quintal in futures market today as speculators created fresh position.

At the Multi Commodity Exchange, potato for delivery in far-month March rose by Rs 2.40, or 0.27%, to Rs 889.90 per quintal in business turnover of 31 lots.

Likewise, the potato for delivery in April traded higher by 30 paise, or 0.04%, to Rs 855 per quintal in 3 lots.

Analysts attributed the rise in potato futures to rising demand in spot markets (mandies) against restricted arrivals from producing regions.