Potato up 3.8% on pick up in physical demand
Commodity for delivery in March moved up by 2.2%
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Potato futures prices surged by 3.87% to Rs 1,110 per quintal today, on increased spot demand against restricted arrivals from producing regions.
Sentiment improved further as the traders enlarged their holdings on account of a surge in the demand for the commodity in the physical market.
At the Multi Commodity Exchange, potato for delivery in April rose by Rs 41.40, or 3.87%, to Rs 1,110 per quintal, with trading volume of 219 lots.
The potato for delivery in March also moved up by Rs 23.30, or 2.20%, to Rs 1,078.90 per quintal, with a trade volume of 498 lots.
Analysts said increased demand in the spot market against tight supplies from producing regions mainly pushed up potato prices at futures trade.
Sentiment improved further as the traders enlarged their holdings on account of a surge in the demand for the commodity in the physical market.
At the Multi Commodity Exchange, potato for delivery in April rose by Rs 41.40, or 3.87%, to Rs 1,110 per quintal, with trading volume of 219 lots.
The potato for delivery in March also moved up by Rs 23.30, or 2.20%, to Rs 1,078.90 per quintal, with a trade volume of 498 lots.
Analysts said increased demand in the spot market against tight supplies from producing regions mainly pushed up potato prices at futures trade.
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First Published: Jan 27 2014 | 12:40 PM IST