Potato up 1.4% on increased demand

Commodity for delivery in March gained 0.98%

Potato prices extended gains for the second straight day by adding 1.49% to Rs 1,064 per quintal in futures trade today as speculators enlarged their positions on increased demand in the spot market.

Tight stocks availability in the physical market due to less arrivals from producing belts further fuelled the uptrend.

At the Multi Commodity Exchange, potato for delivery in April rose further by Rs 15.60, or 1.49%, to Rs 1,064 per quintal in a business turnover of 102 lots.

Potato for delivery in March also gained Rs 10.20, or 0.98%, to Rs 1,048 per quintal in 302 lots.

Analysts said besides increased demand in the spot market, less arrivals from producing regions mainly kept potato prices higher for the second day at futures trade.