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Potato gains by 2.9% on upsurge in demand

Speculators enlarged their positions on the back of upsurge in demand in the spot market

Press Trust of India New Delhi
Potato prices gained 2.88% to Rs 678.90 per quintal in futures trade today as speculators enlarged their positions after rising spot demand against limited arrivals.
 
At the Multi Commodity Exchange, potato for delivery in September gained Rs 19, or 2.88%, to Rs 678.90 per quintal in business turnover of 185 lots.
 
Potato for delivery in August contract traded higher by Rs 16.20, or 2.28%, to Rs 726.50 per quintal in 175 lots.
 
Market analysts said speculators enlarged their positions on the back of upsurge in demand in the spot market against restricted arrivals from producing region mainly led an upward movements in potato prices at futures trade. 
 

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First Published: Jul 24 2013 | 1:43 PM IST

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