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Potato futures recovers on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 11:53 PM IST

Potato futures prices recovered by Rs 3.90 to Rs 426.10 per quintal today as traders created fresh positions on pick-up in spot demand.   

Less arrivals in the physical market also supported the uptrend. 

At the Multi Commodity Exchange, potato for September delivery rose by Rs 3.90, or 0.92%, to Rs 426.10 per quintal, with a business turnover of 282 lots.

Likewise, the potato for August delivery gained Rs 2.80, or 0.61%, to Rs 459 per quintal, with a trade volume of 111 lots.

Market analysts said fresh buying by speculators, supported by a firming trend at the spot market on pick-up in demand, mainly led to the rise in potato futures prices.

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First Published: Aug 03 2011 | 2:17 PM IST

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