Potato prices recovered by Rs 3.70, or 0.82 per cent, to Rs 453.40 per quintal in futures market today, as traders enlarged their positions on pick up in spot market demand.
Restricted supply from producing regions also supported the uptrend. At the Multi Commodity Exchange platform, potato for August contract gained Rs 3.70, or 0.82 per cent, to Rs 453.40 per quintal, with a trading volume of 37 lots.
Potato for July contract traded higher by Rs 1.90, or 0.43 per cent, to Rs 441.70 per quintal, with an open interest of 17 lots, while September delivery up by 1.50, or 0.33 per cent, to Rs 455 per quintal, with a business volume of 81 lots.
Marketmen said increased buying by speculators on pick up in demand in the spot market mainly led to a rise in potato prices at futures trade.
They said restricted arrivals from producing belts in Haldwani and Agra also influenced the trading sentiment to some extent.
