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Potato prices rise 0.9% on spot demand

Less arrivals from producing belts adds to pushing futures up

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Press Trust of India New Delhi

Potato prices traded higher by 0.92% to Rs 1,341 per quintal in futures trade today as traders enlarged their holdings due to a rise in the spot demand against less arrivals.

At the Multi Commodity Exchange, the August contract rose by Rs 12.20, or 0.92%, to Rs 1,341 per quintal in a business turnover of 29 lots.

September potato moved up by Rs 9.20, or 0.65%, to Rs 1,417 per quintal in 17 lots.

Market analysts said traders enlarged their holdings due to the rise in demand in the spot market, supported by the festive season, amid less arrivals from producing belts, pushing up the prices.

 

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First Published: Jul 24 2012 | 2:52 PM IST

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