Potato futures prices rose further by Rs 7.10 to Rs 746 per quintal today, as traders created their positions on the back of firm domestic demand for the ongoing seasonal demand.
The trading sentiment improved further as a result of restricted arrivals from producing regions.
At the Multi Commodity Exchange, potato for delivewry in March rose by Rs 7.10, or 0.96%, to Rs 746 per quintal, with a trading volume of 321 lots.
The May contract traded higher by Rs 6.60, or 0.87%, to Rs 761.40 per quintal, with a business volume of 43 lots, while April potato rose by Rs 5.50, or 0.75%, to Rs 731.50 per quintal, with an open interest of 53 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.
They said low amount of sowing expected in the next season, due to farmers shifting to other crops, because of unfavourable trend this season.
