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Potato futures up 1.84% on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:02 AM IST

Potato prices rose further by Rs 10 to Rs 551 per quintal in futures trade today as traders enlarged their positions on pick-up in spot market demand.

Restricted supply from producing regions also supported the uptrend.

At the Multi Commodity Exchange, potato for delivery in June rose by Rs 10, or 1.84% to Rs 551 per quintal, with trading volume of 198 lots. 

Potato for July delivery contract, traded higher by Rs 8.10, or 1.60% to Rs 605 per quintal, with a business volume of 196 lots. 

Likewise, potato for delivery in May rose by Rs 7, or 1.17% to Rs 605 per quintal, with an open interest of 196 lots.

Market analysts said increased buying by traders and speculators on pick-up in spot market demand, led to rise in potato prices at futures trade.

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First Published: Apr 29 2011 | 3:06 PM IST

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