Potato futures up 2.6% on firm demand

Potato futures prices remained higher by gaining Rs 16.20 to Rs 636.90 per quintal today, as speculators enlarged their positions on pick up in spot market demand.

Fall in supply from producing regions also supported the uptrend.

At the Multi Commodity Exchange counter, potato for March delivery rose by Rs 16.20, or 2.60 per cent, to Rs 636.90 per quintal, with a trade volume of 408 lots.
    
Potato for May-month contract traded higher by Rs 13.70, or 2.20 per cent, to Rs 634.80 per quintal, with a business volume of four lots, while April delivery rose by 12.50 or 2.05 per cent, to Rs 620.90 per quintal, clocking a business turnover of 408 lots.
    
Marketmen said increased buying by speculators on pick up in demand in the spot market, mainly led to rise in potato futures prices trade.
    
They said restricted arrivals from producing belts of Agra and Haldwani also influenced the trading sentiment to some extent.