 "Potato adds 1.5% on limited supply, high demand")
Potato prices rose by 1.54 per cent to Rs 1,101.70 per quintal in futures trade today as speculators enlarged their positions on a firming spot markets trend amid restricted arrivals from major producing regions.
The trading sentiment improved further as the traders enlarged their holdings on account of a surge in the demand for the commodity in the domestic market.
At the Multi Commodity Exchange, potato for delivery in April surged by Rs 16.80, or 1.54 per cent, to Rs 1,101.70 per quintal with a business turnover of 86 lots.
Marketmen said increased buying by speculators on pick-up in spot market demand, mainly led to the rise in potato prices at futures trade.
The trading sentiment improved further as the traders enlarged their holdings on account of a surge in the demand for the commodity in the domestic market.
At the Multi Commodity Exchange, potato for delivery in April surged by Rs 16.80, or 1.54 per cent, to Rs 1,101.70 per quintal with a business turnover of 86 lots.
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March potato gained Rs 13.70, or 1.29 per cent, to Rs 1,072.50 per quintal, with trading volume of 158 lots.
Marketmen said increased buying by speculators on pick-up in spot market demand, mainly led to the rise in potato prices at futures trade.