Potato futures surge on spot demand

Potato future prices rose by Rs 4.80 to Rs 640 per quintal today, as speculators enlarged their positions on the back of a rise in spot demand.

At the Multi Commodity Exchange platform, potato for May delivery rose by Rs 4.80, or 0.76 per cent to Rs 640 per quintal, with an open interest of just one lot.

The potato for delivery in March traded higher by 0.80 paise, or 0.13 per cent to Rs 625, with a business turnover of just one lot. 

Market analysts said pick up in demand for the ongoing marriage season amid tight supply led to a rising trend in potato futures prices.