Potato up 1% on fresh buying

Sentiment improved on restricted arrivals

Potato prices rose by Rs 11.10 to Rs 1,120 per quintal in futures trade today as traders created fresh positions on the back of a rising demand in the domestic markets.

Sentiment improved further on restricted arrivals from producing regions.

At the MCX, potato for July delivery rose by Rs 11.20, or 1%, to Rs 1,120 per quintal, with a trading volume of 28 lots.

For delivery in June, the prices traded higher by Rs 5.70, or 0.53%, to Rs 1,075 per quintal, with a business volume of 19 lots.

Marketmen said the rise in potato prices at futures trade was mainly due to the rising spot market demand.

Restricted arrivals in the markets from producing belts in UP, Punjab, MP and West Bengal also influenced prices, they said.