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Potato rises further in futures trade on physical demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:58 PM IST

Potato prices rose by Rs 5.70 to Rs 509 per quintal in futures trades today as traders enlarged their positions on pick-up in physical market demand amid low stocks.

At the Multi Commodity Exchange, potato for July delivery rose by Rs 5.70, or 1.13%, to Rs 509 per quintal, with a trading volume of 13 lots.  

The potato for August delivery traded higher by Rs 4.50, or 0.89%, to Rs 464.70 per quintal, with a business volume of 50 lots.

Similarly, prices for September delivery rose by Rs 3.50, or 0.81%, to Rs 434.80 per quintal in 99 lots.   

Analysts said increased buying by speculators on pick-up in demand in the physical market mainly led to rise in potato prices at futures trade.

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

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First Published: Jul 07 2011 | 1:10 PM IST

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