Potato futures surged by 4% to trigger the daily upper circuit at Rs 654.50 per quintal today as traders created huge positions, supported by strong demand in the spot market.
In addition, a fall in arrivals from producing regions fuelled the uptrend in potato futures prices.
At the Multi Commodity Exchange, the April delivery shot up by Rs 25.20, or 4.00%, to Rs 654.50 per quintal in 130 lots.
The March contract gained Rs 26, or 3.94%, to Rs 686.40 per quintal in 1,097 lots.
Marketmen said huge positions created by speculators amid strong demand in the spot markets and low arrivals from producing regions mainly helped potato futures prices race to the daily upper limit.
