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Potato up 1.7% as demand picks up

Commodity for delivery in April moved up by 1.3%

Press Trust of India New Delhi
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. 
 

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First Published: Sep 26 2013 | 2:01 PM IST

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