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Potato futures up 1.66% on spot demand

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

Potato prices rose by 1.66% to Rs 439 per quintal in futures trade today as traders enlarged their positions on pick-up in spot market demand.

At the Multi Commodity Exchange, potato for delivery in August rose by Rs 7.20, or 1.66% to Rs 439 per quintal, with a trading volume of 273 lots. 

The potato for June delivery traded higher by Rs 5.60, or 1.07% to Rs 526 per quintal, with a business volume of 191 lots.

Likewise, prices for July delivery moved up by Rs 4.80, or 1.01% to Rs 478.80 per quintal in 173 lots.  

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

They said restricted arrivals from producing belts also influenced the trading sentiment to some extent.

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First Published: May 26 2011 | 2:06 PM IST

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