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Potato up 0.8% as demand picks up

Commodity for delivery in March gained 0.6%

Press Trust of India New Delhi
Last Updated : Jan 13 2014 | 12:42 PM IST
Potato prices rose 0.84% to Rs 933.60 per quintal in futures trade today as speculators created positions after pick up in demand in the spot market against restricted arrivals from producing belts.

At the Multi Commodity Exchange, potato for delivery in far-month April rose by Rs 7.80, or 0.84% to Rs 933.60 per quintal in business turnover of 33 lots.

Likewise, the potato for delivery in March gained Rs 6.20, or 0.66% to Rs 951 per quintal in 223 lots.

Analysts said speculators created fresh positions driven by rising demand in the spot market against restricted arrivals from producing regions mainly helped potato prices to trade higher at futures trade.

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First Published: Jan 13 2014 | 12:42 PM IST

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