Business Standard

Potato hit daily upper limit on spot demand

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Press Trust of India New Delhi

Potato prices hit daily upper limit by rising four per cent, to Rs 524.70 per quintal in futures trade today, supported by a firming demand at spot markets.

Fall in supplies from producing regions also gave a positive impact on the potato prices in futures trade.

At the Multi Commodity Exchange counter, potato for October contract rose Rs 20.20, or four per cent, to Rs 524.70 per quintal, with a trading volume of 1,846 lots.

Potato for March contract traded higher by Rs 11.30, or 1.90 per cent, to Rs 606.20 per quintal, with a business volume of 586 lots, while April delivery inched up by Rs 9.20, or 1.54 per cent, to Rs 605.70 per quintal, with an open interest of 22 lots.

 

Marketmen said firm spot demand against fall in supplies from producing belts mainly led to a rise in potato prices at futures trade.

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First Published: Sep 17 2010 | 4:10 PM IST

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