Potato gain 2.83 pc on tight supply

Potato prices surged 2.83% to Rs 1,419.50 per quintal in futures trade today as speculators engaged in building-up positions amid restricted arrivals in the market from growing regions

Besides, rising demand also supported the upside in potato futures.

At the Multi Commodity Exchange, potato for delivery in July month contracts shot up by Rs 39.10, or 2.83% to Rs 1,419.50 per quintal in business turnover of 65 lots.

Market analysts said speculators engaged in enlarging positions, triggered by tight supplies from growing regions against rising demand in the spot market, influenced potato prices at futures trade here.