Potato up 0.4% on tight supply, spot demand

Rising demand in spot markets influenced prices at futures trade

Potato prices rebounded by 0.44% to Rs 890.10 per quintal in futures trading today as speculators indulged in creating positions, mostly on the back of tight supplies from growing regions.

At the Multi Commodity Exchange, potato for delivery in far-month March rebounded by Rs 3.90, or 0.44%, to Rs 890.10 per quintal in business turnover of 19 lots.

Analysts said speculative positions created by participants triggered by damage to potato's crop in Punjab amid rising demand in spot markets, mainly influenced prices at futures trade.