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Potato recovers 1.42% on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:04 AM IST

Potato prices recovered by Rs 6.00, or 1.42 per cent, to Rs 425.90 per quintal in futures market today, as traders enlarged their positions on pick up in spot market demand.

Restricted supply from the producing regions also supported the uptrend.

At the Multi Commodity Exchange counter, potato for September-month contract gained Rs six, or 1.42 per cent, to Rs 425.90 per quintal, with a trading volume of 777 lots.

Potato for August-month contract traded higher by Rs 5.60, or 1.33 per cent, to Rs 423.60 per quintal, with an open interest of 611 lots, while October delivery up by 5.20 or 1.23, to Rs 426.80 per quintal, with a business volume of 322 lots.

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

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

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First Published: Jul 22 2010 | 4:21 PM IST

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