Potato up 1.27% on pick-up in spot demand

Increased demand in the spot market against tight supplies from producing regions mainly pushed up prices

Potato prices moved up by Rs 9.10 to Rs 724.70 per quintal in futures trade today, on increased spot demand against restricted arrivals.

At the Multi Commodity Exchange, the March contract for potato rose by Rs 9.10, or 1.27%, to Rs 724.70 per quintal, with an open interest of 26 lots.

The potato for delivery in April also moved up by Rs 6.30, or 0.93% to Rs 682.50 per quintal with a trade volume of 7 lots. Analysts said increased demand in the spot market against tight supplies from producing regions mainly pushed up potato prices at futures trade.