 "Potato up 0.4% on strong demand")
Potato futures extended gains for the third-straight session with prices rising 0.49% to Rs 1,194.10 per quintal in futures market today as speculators enlarged their positions, driven by strong spot demand.
Besides, tight stocks position in the physical market following less arrivals from producing regions further supported the uptrend.
At the Multi Commodity Exchange, potato for delivery in April added Rs 5.80, or 0.49%, to Rs 1,194.10 per quintal in business turnover of 39 lots.
Analysts said increased positions created by speculators on the back of strong demand in the spot market amid lower arrivals from producing regions mainly kept potato prices higher for the third day at futures trade.
Besides, tight stocks position in the physical market following less arrivals from producing regions further supported the uptrend.
At the Multi Commodity Exchange, potato for delivery in April added Rs 5.80, or 0.49%, to Rs 1,194.10 per quintal in business turnover of 39 lots.
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In a similar manner, the potato for delivery in March gained Rs 4.30, or 0.37%, to Rs 1,179 per quintal in 102 lots.
Analysts said increased positions created by speculators on the back of strong demand in the spot market amid lower arrivals from producing regions mainly kept potato prices higher for the third day at futures trade.