Potato up 0.7% on spot demand

Commodity for delivery in April also moved up by 0.58%

Potato prices rose by another Rs 10.80 to Rs 1,396.20 per quintal in futures trade today as participants enlarged positions on the back of rising demand in the spot markets against restricted arrivals.

At the Multi Commodity Exchange, potato for delivery in May rose by Rs 10.80, or 0.77%, to Rs 1,396.20 per quintal, with trading volume of 187 lots.

The potato for delivery in April also moved up by Rs 7.60, or 0.58% to Rs 1,307.70 per quintal with a trade volume of 12 lots.

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