Potato up by 3% on spot demand

Increased demand in the spot market against tight supplies influenced potato prices

Potato futures prices rose by 3% to Rs 718 per quintal today on increased spot demand.

 

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

 

At the Multi Commodity Exchange, potato for delivery in September rose by Rs 20.90, or 3%, to Rs 718 per quintal, with trading volume of 321 lots.

 

The potato for delivery in August also moved up by Rs 11, or 1.47%, to Rs 755 per quintal, with a trade volume of 171 lots.

 

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