Potato up 0.7% on tight supplies

Increased spot demand, less arrivals influence prices

Potato prices rose by adding Rs 8.70 to Rs 1,233 per quintal in futures trading today on increased demand in the spot market against tight supplies.

At the Multi Commodity Exchange, potato for delivery in September rose by Rs 8.70, or 0.71%, to Rs 1,233 per quintal, with a business turnover of 12 lots.

August potato gained Rs 6.60, or 0.54%, to Rs 1,240 per quintal, with a business turnover of nine lots.

Marketmen said increased demand in the spot market against less arrivals from producing belts kept potato futures up for the second straight day.