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Potato up 1.9% on rising demand, limited supply

Potato for March contract traded higher by 1.52%

Press Trust of India New Delhi
Last Updated : Sep 25 2013 | 1:43 PM IST
Potato prices rose by 1.93% to Rs 790 per quintal in futures trade today as traders enlarged their holdings on account of a surge in the spot market.

Sentiment improved further as a result of a rise in demand in the spot market against restricted arrivals from the major producing regions.

At the Multi Commodity Exchange, potato for April contract rose by Rs 15, or 1.93% to Rs 790 per quintal, with a trading volume of 29 lots.

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The delivery for March also traded higher by Rs 12.30 or 1.52%, to Rs 819 per quintal with a business volume of 73 lots.

Marketmen said the rise in potato prices at futures trade was attributed to the firm spot demand against restricted arrivals from the major producing regions.

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First Published: Sep 25 2013 | 1:40 PM IST

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