Potato up 0.6% on spot demand

Commodity for April contract inched up by 0.53%

Potato prices rose 0.67% to Rs 1,155 per quintal in futures market today as speculators increased their positions amid a firming trend at spot markets on strong demand amid restricted arrivals.

At the Multi Commodity Exchange, potato for delivery in March traded higher by Rs 7.70, or 0.67%, to Rs 1,155 per quintal, with a business turnover of 120 lots.

The potato for April contract also inched up by Rs 6.20, or 0.53%, to Rs 1,174.90 per quintal, with a trading volume of 48 lots.

Analysts said improved demand against less arrivals from producing regions mainly supported the upside in potato prices at futures trade.