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Potato up 0.7% on spot demand, tight supply

Potato for delivery in far-month March also edged up by 0.5%

Press Trust of India New Delhi
Potato prices rose by Rs 5.70 to Rs 813 per quintal in futures trade today, mostly supported by rising demand in spot markets amid tight supplies from producing region.

At the Multi Commodity Exchange, potato for delivery in September rose by Rs 5.70, or 0.71% to Rs 813 per quintal in business turnover of 73 lots.

The potato for delivery in far-month March also edged up by Rs 4.70, or 0.56% to Rs 840 per quintal in two lots.

Market analysts said the rise in potato prices at futures trade was mostly attributed to rising demand in the spot market, triggering speculative activity by participants.
 

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First Published: Aug 26 2013 | 12:41 PM IST

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