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Potato rises on firm spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:37 AM IST

Potato prices rose by Rs 8.10 to Rs 664.40 per quintal in futures trade today, as traders enlarged their positions on pick up in spot market demand.

Restricted supply from producing regions also supported the uptrend.

At the Multi Commodity Exchange, potato for March month contract rose by Rs 8.10 or 1.79 per cent to Rs 664.40 per quintal, with trading volume of 573 lots.

Potato for April month contract traded higher by Rs 7 or 1.09 per cent to Rs 647.90 per quintal, with a business volume of 140 lots, while May month delivery was up by Rs 7.30 or 1.08 per cent to Rs 680 per quintal in 45 lots.

Market analysts said increased buying by speculators on pick up in demand in the spot market mainly 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: Dec 27 2010 | 1:55 PM IST

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