Potato futures remain up on firm spot demand

Potato futures prices continued to rise and added Rs 7.80 to Rs 658 per quintal today, as traders enlarged their positions on firm spot demand driven by the ongoing marriage season.

Restricted supplies from producing regions also supported the uptrend in potato futures.

At the Multi Commodity Exchange counter, potato for May rose by 7.80, or 1.20 per cent, to Rs 658 per quintal, with a business turnover of just one lot. 

The potato for delivery in March traded higher by Rs 3.40, or 0.53 per cent, to Rs 639.90 per quintal, with a trade volume of just one lot.

Market experts said rising demand in the spot market on the back of the ongoing marriage season amid restricted arrivals mainly led to rise in potato futures prices.