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Potato futures rise on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:13 PM IST

Potato prices rose by Rs 9 to Rs 475 per quintal in futures trade today as traders enlarged their positions on rising spot market demand.

At the Multi Commodity Exchange, potato for delivery in July rose by Rs 9, or 1.93% to Rs 475 per quintal, with a business turnover of 221 lots.

The potato for delivery in June also moved up by Rs 4, or 0.77% to Rs 521 per quintal in 190 lots.

Market analysts said increased buying by speculators on rising demand in the spot markets mainly led to a rise in potato prices at futures trade.

Restricted arrivals from the producing regions further influenced the trading sentiment to some extent, they said.

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First Published: Jun 02 2011 | 1:34 PM IST

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