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Potato gains 1.2% on spot demand

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Press Trust of India New Delhi

Potato futures prices rose by Rs 9.10 to Rs 760.50 per quintal today, as traders created their fresh positions on the back of firm domestic demand for the ongoing marriage season.

The trading sentiment improved as a result of the restricted arrivals from producing regions.

At the Multi Commodity Exchange, potato for delivery in April rose by Rs 9.10, or 1.21%, to Rs 760.50 per quintal, with a trading volume of 36 lots.

The March contract traded higher by Rs 8.60, or 1.12%, to Rs 775 per quintal, with a business volume of 251 lots, while the May potato rose by Rs 8.20, or 1.06%, to Rs 783.40 per quintal, with a trading volume of 17 lots.

 

Marketmen said increased buying by traders and speculators on pick-up in spot market demand mainly led to the rise in potato prices at futures trade.

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First Published: Feb 07 2012 | 12:20 PM IST

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