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Potato up 1.1% on firm spot demand

Potato prices for July contract also higher by 0.78%

Press Trust of India New Delhi
Potato prices rose further by Rs 8.60 to Rs 780 per quintal in futures trade today as speculators enlarged their positions supported by rising demand in spot markets amid tight supplies.

At the Multi Commodity Exchange, potato for August contract rose by Rs 8.60, or 1.11%, to Rs 780 per quintal with trading volume of 41 lots.

Potato prices for July contract also higher by Rs 6.40, or 0.78%, to Rs 825 per quintal with a business volume of five lots.

Marketmen said besides rising demand in spot markets, restricted arrivals from producing belts due to heavy rains, mainly influenced potato prices at futures trade.
 

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First Published: Jul 03 2013 | 1:31 PM IST

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