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Potato remains up on increased demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 3:02 AM IST

Potato added Rs 11.10 to Rs 783.50 per quintal in futures trading today as speculators enlarging their positions following increased demand for the ongoing marriage season.

Decline in arrivals from producing regions also supported the uptrend in potato prices.

At the Multi Commodity Exchange, the April contract for potato moved up by Rs 11.10, or 1.44%, to Rs 783.50 per quintal, with a business turnover of 212 lots.

The March contract traded higher by Rs 1.80, or 0.23%, to Rs 784.90 per quintal, with a trade volume of 591 lots.

Analysts said increased demand in the spot market for the ongoing marriage season mainly helped potato prices to remain higher at futures trade.

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First Published: Feb 22 2012 | 3:01 PM IST

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