Potato up 0.5% on spot demand

Commodity for delivery in April moved up by 0.2%

Potato prices rose by 0.56% to Rs 1,285.50 per quintal in futures trade today on the back of a pick-up in demand, driven by beginning of the "Navratras" festival.

At the Multi Commodity Exchange, potato for delivery in May rose by Rs 7.10, or 0.56%, to Rs 1,285.50 per quintal in a business turnover of 85 lots.

Potato for delivery in April also moved up by Rs 2.50, or 0.20%, to Rs 1,234 per quintal in 9 lots.

Analysts said besides pick-up in demand in the spot market supported by beginning of "Navratras" festival, restricted arrivals from producing regions led to rise in potato prices at futures trade.