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Potato futures up on firm demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:17 AM IST

Potato prices rose by Rs 8.60 to Rs 456 per quintal in futures market today as traders enlarged their positions on rising demand in the spot market.   

Fall in arrivals from producing regions also supported the uptrend. 

At the Multi Commodity Exchange, potato for delivery in August rose by Rs 8.60, or 1.92%, to Rs 456 per quintal, with a business turnover of 283 lots.  

Similarly, the potato for delivery in July contract gained Rs 7.30, or 1.52%, to Rs 487.60 per quintal, with a business turnover of 157 lots.

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

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First Published: Jun 21 2011 | 2:49 PM IST

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