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Potato gains 1.4% on surge in demand

Lower sowing in producing areas due to delayed rains supported uptrend

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Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 2:11 AM IST

Potato prices rose by Rs 20.10 to Rs 1,455 per quintal in futures trade today as traders created fresh positions on firm spot market demand.

Sentiment improved further as the traders enlarged their holdings on account of a surge in the demand for the commodity in the spot market.

At the Multi Commodity Exchange, potato for September delivery rose by Rs 20.10, or 1.40%, to Rs 1,455 per quintal, with a trading volume of 60 lots.

August potato gained Rs 13.25, or 1.19%, to Rs 1,325 per quintal, with a business volume of 78 lots.

Marketmen said the rise in potato prices at futures trade was mainly due to the rising spot demand.

Less sowing of potato seeds in producing areas due to delayed rains supported the uptrend, they said.

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First Published: Jul 16 2012 | 4:08 PM IST

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