Business Standard

Potato futures rise on spot demand

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Press Trust of India New Delhi

Potato prices moved up by Rs 12.50 to Rs 744.50 per quintal in futures trading today as traders enlarged their positions, supported by good spot demand.  

Less arrivals from producing regions in the physical market, too, influenced the trading sentiment. 

At the Multi Commodity Exchange, potato for delivery in March moved up by Rs 12.50, or 1.71 per cent, to Rs 744.50 per quintal, with a business turnover of a single lot.

Likewise, the potato for delivery in April gained Rs 8.50, or 1.18 per cent, to Rs 729 per quintal, with an open interest of one lot.  

Market analysts said good demand in the spot market due to the ongoing marriage season against restricted arrivals led to the rise in potato futures prices.

 

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First Published: Feb 24 2011 | 3:30 PM IST

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