Potato up 0.5% on pick-up in spot demand

Commodity for delivery in March moved up by 0.47%

Potato prices moved up by Rs 6.30 to Rs 1,097.10 per quintal in futures trade today on increased spot demand against restricted arrivals.

At the Multi Commodity Exchange, potato for delivery in April rose by Rs 6.30, or 0.57%, to Rs 1,097.10 per quintal, with trading volume of 50 lots.

Potato for delivery in March also moved up by Rs 5.10, or 0.47%, to Rs 1,068.20 per quintal with a trade volume of 67 lots.

Analysts said increased demand in the spot market against tight supplies from producing regions mainly pushed up potato prices at futures trade.