Potato up 0.73% on rise in spot demand

Potato prices rose by Rs 4.60 to Rs 630 per quintal in futures trade today as traders enlarged their positions on pick-up in spot market demand.

Restricted supply from producing regions also supported the uptrend.

At the Multi Commodity Exchange, potato for March delivery gained Rs 4.60, or 0.73%, to Rs 630 per quintal, with a trading volume of 107 lots.

For May delivery, the prices rose by Rs 4.20, or 0.67%, to Rs 631 per quintal, with a business volume of 4 lots.

Potato for delivery in April traded higher by Rs 2.80, or 0.46%, to Rs 607 per quintal, with an open interest of 22 lots.

Marketmen said increased buying by speculators on pick up in demand in the spot market mainly led to a rise in potato prices at futures trade.