Business Standard

Potato gain 0.5% on spot demand, tight supply

The potato for delivery in the July contract edged up by 0.23%

Press Trust of India New Delhi
Potato prices up by 0.54% to Rs 807 per quintal in futures trading today as speculators enlarged their positions amid rising demand in spot market.

Besides, restricted arrivals from producing regions also supported the upside.

At the Multi Commodity Exchange, potato for delivery in August gained Rs 4.30, or 0.54%, to Rs 807 per quintal in business turnover of 22 lots.

Likewise, the potato for delivery in the July contract edged up by Rs 1.90, or 0.23%, to Rs 842.30 per quintal in 12 lots.

Analysts said increased buying by speculators on the back of a rise in demand in the spot market and fall in supplies from producing regions due to heavy rains in growing regions, influenced potato prices.

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First Published: Jun 19 2013 | 1:05 PM IST

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