Potato prices recovered by Rs 6.30 to Rs 519 per quintal in futures trade today as speculators created fresh positions on the back of pick-up in demand against less arrivals.
At the Multi Commodity Exchange, potato for delivery in July rose by Rs 6.30, or 1.23% to Rs 519 per quintal, with a business volume of a single lot.
Similarly, the potato for delivery in June rose by Rs 6.60, or 1.21% to Rs 552 per quintal, with a business turnover of two lots.
The potato prices for delivery in May gained Rs 5.90, or 0.97% to Rs 612.40 per quintal, with an open interest of a single lot.
Traders said fresh buying by speculators on hopes of pick-up in demand in the spot market led to the rise in potato futures prices. They added that less arrivals in the physical market also supported the uptrend.
