Potato up on spot demand

Restricted arrivals also influenced mentha prices

Potato prices rose by Rs 12.50 to Rs 1,209.50 per quintal in futures trade today as speculators created fresh positions, tracking a firming trend at spot market on pick up in demand.

Restricted arrivals from producing belts also supported the uptrend in potato prices.

At the MCX, potato for delivery in August rose by Rs 12.50, or 1.04%, to Rs 1,209.50 per quintal, with a business turnover of nine lots.

The July contract gained Rs 10.10, or 0.87%, to Rs 1,141.70 per quintal, with an open interest of 14 lots.

Market analysts said fresh buying by speculators after pick up in spot market demand amid less arrivals from producing belts led to a rise in potato futures.