Potato up 1.7% as demand picks up

Commodity for delivery in April moved up by 1.3%

Potato rose by 1.70% to Rs 840 a quintal in futures trade today as traders enlarged their holdings on account of a surge in the demand for the commodity in the market.

 

Besides, restricted arrivals from producing regions also supported the upside.

 

At the Multi Commodity Exchange, potato for delivery in March-2014 rose by Rs 14.10, or 1.70%, to Rs 840 a quintal, with trading volume of 70 lots.

 

The potato for delivery in April also moved up by Rs 10.70, or 1.35%, to Rs 802 a quintal, with a trade volume of 13 lots.

 

Analysts said increased demand in the spot market against tight supplies from producing regions mainly pushed up potato prices at futures trade.