Potato up 1.3% on upsurging spot demand

Commodity for delivery in May contract also moved up by 1.07%

Potato prices up by 1.35% to Rs 1,477 per quintal in futures trade today on the back of increased demand in the spot market against tight supply from producing belts.

At the Multi Commodity Exchange, potato for delivery in June shot up by Rs 19.70, or 1.35% to Rs 1,477 per quintal in business turnover of 254 lots.

The potato for delivery in May contract also moved up by Rs 14.90, or 1.07% to Rs 1,384 per quintal in 220 lots.

Analysts said the rise in potato prices at futures trade was mostly supported by strong spot market demand against tight supplies from producing regions.