 "Potato up 1.3% on increased demand")
Potato extended gains for the second straight day and prices shot up by another 1.32% in futures trading today as speculators enlarged positions, tracking a firm trend at spot market on increased demand.
At the Multi Commodity Exchange, potato for delivery in March shot up by Rs 12.70, or 1.32%, to Rs 971.90 per quintal in business turnover of 123 lots.
The potato for delivery in May also traded higher by Rs 11.80, or 1.23%, to Rs 972 per quintal in 3 lots.
Analysts said speculators enlarged their positions, tracking a firm trend at spot market on increased demand against tight supplies from producing regions mainly led an upsurge in potato prices at futures trade.
At the Multi Commodity Exchange, potato for delivery in March shot up by Rs 12.70, or 1.32%, to Rs 971.90 per quintal in business turnover of 123 lots.
The potato for delivery in May also traded higher by Rs 11.80, or 1.23%, to Rs 972 per quintal in 3 lots.
Analysts said speculators enlarged their positions, tracking a firm trend at spot market on increased demand against tight supplies from producing regions mainly led an upsurge in potato prices at futures trade.