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Potato rises on high demand in spot market

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:14 AM IST

Potato prices rose by Rs 5.50 to Rs 359.90 per quintal in futures market 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 August month contract gained Rs 5.50, or 1.55 per cent, to Rs 359.90 per quintal with trading volume of 981 lots.

Potato for October month contract traded higher by Rs 3.60, or one per cent, to Rs 364 per quintal in 892 lots, while September delivery up by 3.30, or 0.92 per cent, to Rs 361.80 per quintal in business volume of 531 lots.

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

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

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First Published: Aug 02 2010 | 4:30 PM IST

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