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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 | 10:58 PM IST

Potato prices rose by Rs 3.40 to Rs 471.60 per quintal in futures trading today as speculators created fresh positions, following rise in spot market demand.

Restricted arrivals from producing belts also supported the uptrend.

At the Multi Commodity Exchange, potato for delivery in August rose by Rs 3.40, or 0.73%, to Rs 471.60 per quintal, with a business turnover of 166 lots.

The September contract moved up by Rs 3.10, or 0.71%, to Rs 442.40 a quintal, with a trade volume of 112 lots.
    
Analysts said fresh buying by traders on pick-up in spot market demand amid limited arrivals mainly led to the rise in potato prices in futures trade.

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First Published: Jul 13 2011 | 1:14 PM IST

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