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Potato prices rose by 2.58% to Rs 849.90 per quintal in futures trade today as speculators enlarged their positions on a firming spot market trend amid restricted supplies from the major producing regions.
Sentiment improved further as the traders enlarged holdings on account of a surge in the demand for the commodity in the market also supported the uptrend.
At the Multi Commodity Exchange, potato for delivery in April-2014 rose by Rs 21.40, or 2.58%, to Rs 849.90 per quintal, with trading volume of 8 lots.
The potato for delivery in March also moved up by Rs 14.20, or 1.64%, to Rs 878 per quintal with a trade volume of 75 lots.
Marketmen said increased buying by speculators on pick-up in spot market demand and tight supplies from major producing belts mainly led to rise in potato prices at futures trade.
