Potato up 2.2% on rising demand
Market analysts attributed the rise in potato prices at futures trade to rising demand in the spot market against tight supplies from growing belts
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In restricted activity, potato prices surged by 2.15% to Rs 1,390 per quintal in futures trading today as speculators enlarged positions amidst rising demand in the spot market.
Tight stocks position following limited arrivals from producing regions also supported the upward movements in potato.
At the Multi Commodity Exchange, potato for delivery in July month shot up by Rs 29.30, or 2.15% to Rs 1,390 per quintal in just one lot.
Market analysts attributed the rise in potato prices at futures trade to rising demand in the spot market against tight supplies from growing belts.
Tight stocks position following limited arrivals from producing regions also supported the upward movements in potato.
At the Multi Commodity Exchange, potato for delivery in July month shot up by Rs 29.30, or 2.15% to Rs 1,390 per quintal in just one lot.
Market analysts attributed the rise in potato prices at futures trade to rising demand in the spot market against tight supplies from growing belts.
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First Published: Jul 31 2014 | 11:30 AM IST