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Potato extends gains on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 3:11 AM IST

Potato prices rose by Rs 19.80 to Rs 1,153.50 per quintal in futures market today, as traders enlarged their positions on pick up in spot market demand.

Sentiment improved further on restricted arrivals from producing regions.

At the Multi Commodity Exchange, May potato rose by Rs 19.80, or 1.74% to Rs 1,153.50 per quintal, with a trading volume of 181 lots.

The April delivery also rose by Rs 17.60, or 1.78%, to Rs 1,006 per quintal, with a business volume of 213 lots.

Marketmen said the rise in potato futures prices driven by the rising spot demand.

Restricted arrivals in the markets from producing belts also influenced the prices, they said.

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First Published: Mar 23 2012 | 2:32 PM IST

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