Business Standard

Potato futures rise on increased buying

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Press Trust of India New Delhi

Potato prices rose by Rs 5.80, or 1.57 per cent, to Rs 376.20 per quintal in futures trade today, as traders increased their positions on hopes of rise in demand in the spot market.

Restricted arrivals from producing regions also supported the uptrend.

At the Multi Commodity Exchange platform, potato for October contract rose Rs 5.80, or 1.57 per cent, to Rs 376.20 per quintal, with a trading volume of 1,353 lots.

Similarly, potato for delivery in September contract inched up by Rs 4.90, or 1.33 per cent, to Rs 373.10 per quintal, with an open interest of 1,899 lots.

Marketmen said increased buying by traders on expectations of pick-up in demand in spot market to meet the festive demand pushed up potato prices at futures market here.

 

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First Published: Aug 17 2010 | 5:08 PM IST

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