Potato futures up 0.96 per cent on spot demand

Potato futures rose 0.96 per cent to Rs 1,417.70 per quintal today as speculators created fresh positions on increased spot demand.

Besides, restricted arrivals from producing regions also supported the upside.

At the Multi Commodity Exchange, potato for delivery in July rose by Rs 13.50, or 0.96 per cent, to Rs 1,417.70 per quintal, with a trading volume of 86 lots.

Potato for delivery in June also went up by Rs 10.70, or 0.79 per cent, to Rs 1,365 per quintal, with a trading volume of 68 lots.

Analysts said increased demand in the spot markets against tight supplies from producing regions pushed up potato prices at futures trade.