Potato up 1% on rising demand

Commodity for delivery in April gained 0.95%

Potato prices gained for the third straight day by adding 1.05% to Rs 1,323 per quintal in futures market today as traders engaged in enlarging positions, driven by ongoing Navratras festival demand.

At the Multi Commodity Exchange, potato for delivery in May advanced by Rs 13.80, or 1.05%, to Rs 1,323 per quintal in a business turnover of 160 lots.

Similarly, potato for delivery in April gained Rs 11.90, or 0.95%, to Rs 1,261.90 per quintal in 64 lots.

Analysts said persistent rise in potato futures was mostly due to an upsurge in demand in the spot markets in view of ongoing "Navratras" festival.