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Potato futures rise on high spot demand

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Press Trust of India New Delhi

Potato futures prices rose by Rs 7.10 to Rs 715.10 per quintal today, as traders created fresh positions after a rise in demand in the spot market due to marriage season.

At the Multi Commodity Exchange, potato for delivery in April rose by Rs 7.10, or 1.00%, to Rs 715.10 per quintal in business turnover of 34 lots.

Potato for delivery in March also moved up by Rs 5.90, or 0.82%, to Rs 729.10 per quintal in 293 lots.

Analysts said a pick up in demand in the spot market on account of marriage season mainly pushed up potato futures prices.

 

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First Published: Jan 24 2012 | 1:39 PM IST

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