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Potato futures extend gains on good spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:28 AM IST

Potato prices extended their gains by adding Rs 6.70 to Rs 512 per quintal in futures trade today as speculators enlarged their positions amid better spot market demand and lower arrivals from producing regions.

At the Multi Commodity Exchange, October potato added Rs 6.70, or 1.33 per cent, to Rs 512 per quintal, with a business turnover of 743 lots.

The September delivery was trading marginally higher by 30 paise, or 0.06 per cent, at Rs 482.30 per quintal in 322 lots.

Analysts said increased buying by traders supported by good spot market demand due to the ongoing festive season mainly pushed up potato futures prices.

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First Published: Aug 30 2011 | 1:04 PM IST

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