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

Potato up 1.2% as demand picks up

Delivery for the April contract also traded higher by 1.06%

Press Trust of India New Delhi
Last Updated : Apr 09 2014 | 12:23 PM IST
Potato prices rose by 1.24% to Rs 1,375.70 per quintal in futures trade today, as traders created fresh positions on the back of rising demand in the spot market.

At the Multi Commodity Exchange, potato for May contract rose by Rs 16.90, or 1.24%, to Rs 1,375.70 per quintal, with a trading volume of 159 lots.

The delivery for the April contract also traded higher by Rs 13.60, or 1.06%, to Rs 1,291 per quintal with a business volume of 105 lots.

Marketmen said the rise in potato prices at futures trade was attributed to the rising spot demand amid restricted arrivals from producing belts in Uttar Pradesh, Punjab and West Bengal.

More From This Section

First Published: Apr 09 2014 | 11:38 AM IST

Next Story