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Potato futures up as demand rises

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

Potato prices rose by Rs 8.10 to Rs 597.50 per quintal in the futures trading as traders enlarged their positions on account of firm domestic demand.

On the Multi Commodity Exchange, potato for May delivery contract rose by Rs 8.10, or 1.37% to Rs 597.50 per quintal, with a trading volume of 316 lots.

The potato for delivery in June traded higher by Rs 6.20, or 1.16% to Rs 539.80 per quintal, with a trading volume of 272 lots.

Market analysts said increased buying by speculators following rising demand in domestic markets led to the rise in potato prices at futures trade. 

Restricted arrivals from producing belts in Haldwani and Agra also influenced the trading sentiment to some extent, they added.

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First Published: Apr 28 2011 | 1:23 PM IST

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