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Potato gains 1.36% on rising demand, tight supply

Traders build positions on restricted arrivals from producing belts

Press Trust of India New Delhi
Amid rising demand in the spot market, restricted arrivals from producing belts, potato prices rose 1.36 per cent to Rs 990 per quintal in futures trade today as speculators enlarged their positions.

At the Multi Commodity Exchange, potato for delivery in June gained Rs 13.30, or 1.36 per cent, to Rs 990 per quintal in business turnover of 63 lots.

The potato for delivery in the May contract also traded higher by Rs 6.70, or 0.66 per cent, to Rs 1,022 per quintal in 10 lots.

Market experts said besides rising demand in the spot market, limited arrivals from producing regions mainly kept potato futures higher.

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First Published: May 07 2013 | 12:44 PM IST

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