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Potato futures remain up on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:09 AM IST

Potato futures prices rose by Rs 4.90 to Rs 443.90 per quintal today as speculators enlarged their positions on the back of pick up in demand in the spot market.

Tight supplies from producing regions further fueled the uptrend.

At the Multi Commodity Exchange, potato for delivery in August rose by Rs 4.90, or 1.11%, to Rs 443.90 per quintal, with a business turnover of 29 lots.

The June contract traded higher by Rs 3.20, or 0.60%, to Rs 528 per quintal, with a trade volume of 69 lots, while July delivery was up by Rs 3, or 0.62%, to Rs 480.90 per quintal, with trading volume of 30 lots.

Market analysts said increased buying by speculators due to pick up in demand in the spot market mainly pushed up potato futures prices.

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First Published: May 27 2011 | 1:36 PM IST

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