Potato up 0.4% on pick-up in spot demand

Analysts said increased demand in the spot market against tight supplies from producing regions pushed up potato prices

Potato prices moved up by Rs 4.50 to Rs 957.40 per quintal in futures trade today on increased spot demand against restricted arrivals.

Trading sentiment improved further as traders enlarged holdings driven by surge in demand in the spot market.

At the Multi Commodity Exchange, potato for delivery in March rose by Rs 4.50, or 0.47%, to Rs 957.40 per quintal, with trading volume of 315 lots.

Potato for delivery in April also moved up by Rs 2.60, or 0.27%, to Rs 942 per quintal with a trade volume of 43 lots.

Analysts said increased demand in the spot market against tight supplies from producing regions mainly pushed up potato prices at futures trade.