Don’t miss the latest developments in business and finance.

Potato prices recover by 1.18% on spot demand

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:34 AM IST

Potato prices recovered by Rs 5.50 to Rs 469.50 per quintal in futures trade today as speculators enlarged their positions on the back of a pick-up in spot market demand.

Restricted supply from producing regions also supported the uptrend.

At the Multi Commodity Exchange, October potato gained Rs 5.50, or 1.18%, to Rs 469.50 per quintal, with a trading volume of 194 lots.

The March contract was also trading higher by Rs 3, or 0.46%, to Rs 647.10 per quintal in 15 lots.

Marketmen said increased buying by speculators on the back of a pick-up in demand in the spot market mainly led to the rise in potato prices in futures trade.

They said restricted arrivals from producing belts in Haldwani and Agra also influenced the trading sentiment to some extent.

Also Read

First Published: Sep 20 2011 | 1:18 PM IST

Next Story