Potato up 0.4% on spot demand

Commodity for delivery in far-month April edged up by 0.19%

Potato prices moved up by 0.49% to Rs 959.50 per quintal in futures trading today as speculators indulged in creating fresh positions due to rise in demand in the spot market against tight supplies from producing regions.

At the Multi Commodity Exchange, potato for delivery in March rose by Rs 4.70, or 0.49%, to Rs 959.50 per quintal in business turnover of 27 lots.

The potato for delivery in far-month April edged up by Rs 1.80, or 0.19% to Rs 947 per quintal in 4 lots.

Analysts attributed the rise in potato prices at futures trade to pick up in demand in the spot market against restricted arrivals from producing regions.