Potato up 1% on higher demand

Commodity for delivery in March gained 0.96%

Potato prices rose for the second straight day by adding over 1% to Rs 955 per quintal in futures market today as speculators enlarged positions, driven by higher demand in the spot market.

At the Multi Commodity Exchange, potato for delivery in far-month April rose by Rs 9.70, or 1.03% to Rs 955 per quintal in business turnover of 29 lots.

Likewise, the potato for delivery in March gained Rs 9.20,or 0.96% to Rs 965 per quintal in 139 lots.

Analysts said besides higher demand in the spot market, decline in arrivals from producing regions mainly pushed up potato prices at futures trade.