Potato up 1.3% on spot demand

Commodity prices for delivery in March jumped up by 1.2%

Potato prices edged higher by 1.39% to Rs 1,236 per quintal in futures market today as speculators increased their positions supported by a firming trend at spot markets on rising demand.

At the Multi Commodity Exchange, potato for delivery in April surged by Rs 17, or 1.39%, to Rs 1,236 per quintal with a business turnover of 54 lots.

Potato prices for delivery in March also jumped up by Rs 14.80, or 1.23%, to Rs 1,215 per quintal, with trading volume of 13 lots.

Analysts said improved demand against restricted arrivals from producing regions mainly supported the upside in potato prices at futures trade.