Potato up 0.5% as demand picks up

Commodity for delivery in May also traded up by 0.23%

Potato prices moved up by 0.51% to Rs 1,355 per quintal in futures trading today as speculators created fresh positions after demand in the spot markets picked up.

Further, restricted arrivals from producing belts supported the upside.

At the Multi Commodity Exchange, potato for delivery in June gained Rs 6.90, or 0.51%, to Rs 1,355 per quintal in a business turnover of 57 lots.

Potato for delivery in May also traded up by Rs 3, or 0.23%, to Rs 1,307 per quintal in 12 lots.

Analysts said fresh positions built-up by speculators, driven by rising demand in the spot markets against limited arrivals from producing regions, mainly led to rise in potato prices at futures trade.