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Potato futures rise on good spot demand

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Press Trust of India New Delhi

Potato prices gained Rs 1.80 or 0.37 per cent to Rs 489.90 per quintal in futures trade today, as traders enlarged their positions on pick up in spot demand.

Restricted arrivals from the producing regions further fuelled the uptrend. At the Multi Commodity Exchange, potato for June contract gained Rs 1.80, or 0.37 per cent to Rs 489.90 per quintal, with an open interest of 892 lots. 

The potato for July-month contract also edged up by Rs 1.10, or 0.22 per cent to Rs 494.30 per quintal, with an open interest of 1,492 lots.

Marketmen said increased buying by traders against less arrivals from the producing belts of Haldwani and Shimla helped potato prices to trade higher at futures market here.

 

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First Published: Jun 07 2010 | 6:17 PM IST

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