 "Potato up 3% on rising demand")
Supported by rising demand in the spot markets, potato prices were up by 3% to Rs 1,464.20 per quintal in futures trading today, as speculators enlarged positions.
Besides, restricted arrivals from producing regions buoyed the sentiments.
At the Multi Commodity Exchange, potato for delivery in far-month September spurted by Rs 42.60, or 3% to Rs 1,464.20 per quintal in business turnover of 4 lots.
Marketmen attributed the sharp rise in potato futures to rise in demand in the spot market against restricted arrivals from producing belts such as UP, Punjab and Madhya Pradesh.
Besides, restricted arrivals from producing regions buoyed the sentiments.
At the Multi Commodity Exchange, potato for delivery in far-month September spurted by Rs 42.60, or 3% to Rs 1,464.20 per quintal in business turnover of 4 lots.
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Potato for delivery in August contracts also traded Rs 23.80, or 1.68%, higher at Rs 1,440 per quintal in one lot.
Marketmen attributed the sharp rise in potato futures to rise in demand in the spot market against restricted arrivals from producing belts such as UP, Punjab and Madhya Pradesh.