Potato up 0.4% on higher demand

Potato futures prices today rose for the second straight day by adding Rs 3.20 to Rs 755 per quintal, as traders enlarged their positions due to pick-up in spot demand supported by the ongoing marriage season.

Less arrivals from producing region in the physical market also influenced the potato futures.

At the Multi Commodity Exchange, potato for delivery in April added another Rs 3.20, or 0.43%, to Rs 755 per quintal in business turnover of 68 lots.

March potato traded higher by 80 paise, or 0.10% to Rs 766 per quintal in 431 lots.

Market analysts said besides increased buying by traders following pick-up in spot market demand against less arrivals from producing region mainly pushed up potato futures prices.