Continuing its upward march, potato prices rose further by Rs 13.80 to Rs 507 per quintal in futures trade today as traders increased their positions on hopes of rise in spot market demand.
At the Multi Commodity Exchange, July contract for potato rose by Rs 13.80, or 2.80%, to Rs 507 per quintal, with a trading volume of 334 lots.
Similarly, September contract for potato inched up by Rs 9.10, or 2.13%, to Rs 435.90 per quintal in 225 lots. The August contract for potato also added Rs 9, or 1.97%, to Rs 464 per quintal in 262 lots.
Market analysts said increased buying by traders on expectations of pick-up in spot market demand mainly pushed up potato prices at futures trade today. Restricted arrivals from producing regions also supported the uptrend, they said.