Potato marginally higher on spot demand

Potato futures prices marginally up by Rs 5.40 Rs 687 per quintal in futures trade today as traders enlarged their positions on pick up in the spot market demand due to the ongoing marriage season.

Restricted supply from producing regions also supported the uptrend.

At the Multi Commodity Exchange, potato for delivery in March rose by Rs 5.40, or 0.79 per cent, to Rs 687 per quintal, with a business turnover of 386 lots.

Potato for delivery in April traded higher by Rs 5.30, or 0.75 per cent, to Rs 667.90 per quintal, with a business turnover of 79 lots. 

Market analysts said increased buying by traders and speculators on pick-up in demand in the spot market due to marriage season, led to the rise in potato prices at futures trade.