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Potato rises 1.84% on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 7:32 PM IST

Potato futures prices rose by Rs 12.80 to Rs 708 per quintal in futures trade today as traders enlarged their positions on pick-up in the spot market demand.

Restricted supply from the producing regions also supported the uptrend.    

At the Multi Commodity Exchange counter, potato for delivery in May rose by Rs 12.80, or 1.84 per cent, to Rs 708 per quintal, with a business turnover of seven lots.  

Potato for March-month delivery contract traded higher by Rs 9.30, or 1.36 per cent, to Rs 691.40 per quintal, with a business volume of 524 lots. 

While April-month delivery up by Rs 8.60, or 1.29 per cent, to Rs 671.80 per quintal, with a business turnover in 126 lots.

Market analysts said increased buying by speculators on pick-up in demand in the spot market, led to rise in potato prices at futures trade.  

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

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First Published: Jan 14 2011 | 3:55 PM IST

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