Potato up 0.6% on pick up in spot demand

Commodity for delivery in July moved up by 0.3%

Potato futures moved up by 0.65% to Rs 1,325.70 per quintal today as speculators enlarged positions amid increased spot demand against restricted arrivals from producing regions.

At the Multi Commodity Exchange, potato for delivery in June rose by Rs 8.60, or 0.65%, to Rs 1,325.70 per quintal, with trading volume of 8 lots.

The potato for delivery in July also moved up by Rs 4.50, or 0.33%, to Rs 1,355 per quintal, with a trade volume of 9 lots.

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