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Potato futures rises 0.68% on firm demand

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Press Trust of India New Delhi

Potato prices rose by 0.68% to Rs 482 per quintal in futures market today as traders enlarged their positions on pick-up in spot market demand.

At the Multi Commodity Exchange, potato for delivery in July rose by Rs 3.30, or 0.68% to Rs 482 per quintal, with a trading volume of 83 lots.

The potato for August delivery also traded higher by Rs 2.70, or 0.62% to Rs 432.40 per quintal, with a business volume of 58 lots.

Similarly, its prices for delivery in June moved up by Rs 1.90, or 0.36% to Rs 525.10 per quintal in 56 lots.

Market analysts said increased buying by traders and speculators on pick-up in spot market demand mainly led to rise in potato prices at futures trade.

They added that restricted arrivals from producing belts in Agra and Haldwani also influenced the trading sentiment to some extent.

 

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First Published: Jun 09 2011 | 12:55 PM IST

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