Don’t miss the latest developments in business and finance.

Potato up 0.98% on spot demand

Low stocks also supported prices

Image
Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 1:49 AM IST

Potato futures prices today rose by Rs 11.10 to Rs 1,135 per quintal as traders enlarged their positions on pick-up in spot demand amid low stocks.

At the MCX, potato for July contract rose by Rs 11.10 , or 0.98%, to Rs 1,135 per quintal, with a trading volume of 16 lots.

Potato prices for June contract traded higher by Rs 8.80, or 0.81%, to Rs 1,084 per quintal, with a business volume of 10 lots.

Marketmen 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 UP, Punjab, MP and West Bengal also influenced the trading sentiment to some extent.

Also Read

First Published: Jun 05 2012 | 2:53 PM IST

Next Story