Business Standard

Potato futures gain 2.93% on spot demand

Image

Press Trust of India New Delhi

Potato prices rose by Rs 18.50 to Rs 649 per quintal in futures trading today as speculators created fresh positions after firm demand in spot market.

In addition, fall in arrivals from producing regions fuelled the uptrend in potato futures.

At the Multi Commodity Exchange, May potato surged by Rs 18.50, or 2.93% to Rs 649 per quintal in business turnover of 10 lots.

The March contract shot up by Rs 11, or 1.71% to Rs 655 per quintal in 112 lots.

Marketmen said fresh positions by speculators following pick-up in demand in spot market against less arrivals from producing region mainly pushed up potato prices at futures market.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 02 2012 | 11:49 AM IST

Explore News