Potato prices surged to hit its daily upper limit four per cent to Rs 459.70 per quintal in futures trade today, as speculators created fresh positions on rising demand in the spot market in view of festival season.
Restricted supply from producing regions also supported the uptrend in futures trade.
At the Multi Commodity Exchange platform, potato for October-month surged by Rs 17.70, or 4 per cent, to Rs 459.70 per quintal, with an open interest of 2,051 lots.
Potato for September-month also rose Rs 12.40, or 3.01 per cent, to Rs 424.80 per quintal, with an open interest of 648 lots.
Marketmen said fresh positions created by speculators on rising demand in view of festive season mainly led to an upsurge in potato prices at futures trade.
They said the prices hit a daily upper limit of four per cent set by the exchange to curb unwanted speculations in the market.
