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Potato futures up on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:13 PM IST

Potato prices rose by Rs 1.80 to Rs 472.90 per quintal in futures trade today as speculators enlarged their positions on the back of rising spot market demand.

Restricted arrivals from the producing regions also supported the uptrend.

At the Multi Commodity Exchange, potato for delivery in July rose by Rs 1.80, or 0.38%, to Rs 472.90 per quintal, with a business turnover of 210 lots.

Likewise, the commodity for delivery in August traded marginally higher by 20 paise, or 0.05%, to Rs 433 per quintal, with a trade volume of 164 lots.

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

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First Published: Jun 16 2011 | 2:20 PM IST

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