Potato up 0.7% on rising demand

Commodity for delivery in April traded higher by 0.65%

Potato prices rose further by 0.76% to Rs 1,308 per quintal in futures trading today following rising demand, driven by ongoing "Navratras" festival.

At the Multi Commodity Exchange, potato for delivery in May gained Rs 9.90, or 0.76%, to Rs 1,308 per quintal in business turnover of 119 lots.

Likewise, potato for delivery in April traded higher by Rs 8.10, or 0.65%, to Rs 1253.30 per quintal in 41 lots.

Analysts said persistent rise in potato futures was mostly due to increased demand in the spot markets on the back of ongoing auspicious "Navratras" festival.