Potato futures up on rising spot demand

Potato futures prices rose by Rs 5.60 to Rs 691 per quintal in futures trade today, as traders enlarged their positions on rising demand in spot markets, following the ongoing marriage season. Restricted arrivals from producing regions also supported the uptrend. At the Multi Commodity Exchange, potato for delivery in May rose by Rs 5.60, or 0.82 per cent, to Rs 691 per quintal, with a business turnover of just two lots. Potato for delivery in March traded higher by Rs 2.60, or 0.39 per cent, to Rs 670 per quintal, with a trade volume of just one lot. Market analysts said increased buying support by traders and speculators on rising demand in the spot market, supported by the ongoing marriage season mainly led to rise in potato futures prices.