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Potato futures up on spot demand

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Press Trust of India New Delhi

Potato prices rose by Rs 3.60 to Rs 595.80 per quintal in futures trade today as traders enlarged their positions on pick-up in spot market demand. 

Restricted supply from producing regions also supported the uptrend. 

At the Multi Commodity Exchange, potato for delivery in May rose by Rs 3.60, or 0.60% to Rs 595.80 per quintal, with a trading volume of 133 lots. 

The potato for delivery in June traded higher by Rs 1.30, or 0.23% to Rs 556 per quintal, with a business volume of 50 lots. 

Likewise, its prices for delivery in July moved up by 90 paise, or 0.16% to Rs 535.50 per quintal, with an open interest of seven 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.

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First Published: Apr 25 2011 | 1:30 PM IST

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