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Potato up 0.88% on spot demand

Press Trust of India New Delhi

Rising trend in Potato futures prices today remained unabated for the fourth straight day by adding Rs 6.90 to Rs 794.90 per quintal on rising spot demand.

At the Multi Commodity Exchange, the March contract added Rs 6.90, or 0.88%, to Rs 794.90 per quintal in business turnover of 245 lots.

In a similar fashion, the potato for delivery in April gained Rs 6.80, or 0.85%, to Rs 806 per quintal in 69 lots.

Analysts said rising demand in the spot market due to ongoing marriage season amid fall in mainly maintained an upward trend for the fourth straight sessions in futures trading.

 

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First Published: Feb 24 2012 | 3:26 PM IST

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