Business Standard

Potato futures up on firm spot markets trend

Image

Press Trust of India New Delhi

Buoyed by firming trend at the physical markets, potato prices moved up by Rs 1.80 to Rs 474.70 per quintal in futures trading today as speculators created fresh positions. 

Tight arrivals from producing region further fueled the uptrend.

At the Multi Commodity Exchange, potato for delivery in July moved up by Rs 1.80, or 0.38% to Rs 474.70 per quintal, with a business turnover of 11 lots.  

The potato for delivery in June also traded higher by Rs 1.30, or 0.25% to Rs 524 per quintal, with a business volume of 12 lots.

Market analysts said a firming trend at the spot markets on the back of pick-up in demand mainly influenced potato prices at futures trade.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 31 2011 | 1:44 PM IST

Explore News