Potato futures up on rise in spot demand

Potato prices moved up by Rs 13.20 to Rs 1,149 per quintal in futures trade today on buying by speculators following increased spot demand against restricted arrivals from the major producing regions.
At the Multi Commodity Exchange, potato for delivery in April rose by Rs 13.20, or 1.16 per cent, to Rs 1,149 per quintal, with a trading volume of 213 lots.
Potato for delivery in March also moved up by Rs 7.20, or 0.65 per cent, to Rs 1,100 per quintal with a trading volume of 359 lots.
Analysts said increased demand in the spot market against tight supplies from producing regions mainly pushed up potato prices at futures trade.