Potatoes trade higher on good spot demand

Potato prices traded higher by Rs 2.60 to Rs 442.50 per quintal in futures trade today on higher demand in spot market for the ongoing festive season.

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

At the Multi Commodity Exchange, potato for delivery in September rose by Rs 2.60, or 0.59%, to Rs 442.50 per quintal, with a business turnover of 335 lots.

August potato gained Rs 2.50, or 0.53%, to Rs 471.30 per quintal, with an open interest of 70 lots.

Market analysts said apart from good spot market demand due to the ongoing festive season, restricted arrivals from producing region led to the rise in potato futures prices.