Potato futures prices rose by Rs 11.70 to Rs 586.40 per quintal today as speculators enlarged their positions on strong demand in the spot market for the ongoing 'Navratra' festival.
Less arrivals from the producing regions also supported the uptrend.
At the Multi Commodity Exchange, potato for June contract rose by Rs 11.70, or 2.04%, to Rs 586.40 per quintal, with a business turnover of just one lot.
Similarly, the potato for delivery in May moved up by Rs 9.70, or 1.65%, to Rs 596.50 per quintal, with an open interest of just one lot, while potato for April contract gained Rs 10, or 1.61%, to Rs 632 per quintal, with a trade volume of just one lot.
Market analysts said speculators enlarged their positions on the back of strong demand in the spot market supported by the ongoing 'Navratra', mainly pushed up the potato futures prices.
