Potato up 1.5% on spot demand

Restricted arrivals influence prices

Potato prices rose by Rs 19.10 to Rs 1,300 per quintal in futures trade today as speculators created fresh positions, driven by increased buying in the spot market.

Sentiment improved further as traders enlarged their holdings on account of a surge in the demand for the commodity in the market.

At the Multi Commodity Exchange, potato for delivery in October rose by Rs 19.10, or 1.49% to Rs 1,300 per quintal, with a business turnover of 21 lots.

The September contract gained Rs 11.50, or 0.95%, to Rs 1,215 per quintal in 26 lots.

Marketmen said fresh buying by speculators following a rise in demand in the spot market against restricted arrivals from producing belts helped potato futures to trade higher.