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Potato recovers on spot demand

The March delivery traded higher by Rs 3.30, or 0.47% to Rs 711.90 per quintal

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Press Trust of India New Delhi

Potato prices recovered by Rs 4.10 to Rs 674 per quintal in futures trade today as speculators created fresh positions, driven by a rise in demand in the spot market.

However, easy availability of stocks in the physical market due to increased arrivals from producing belts limited the gain.

At the Multi Commodity Exchange, April contract recovered by Rs 4.10, or 0.61% to Rs 674 per quintal in business turnover of 3 lots.    

The March delivery traded higher by Rs 3.30, or 0.47% to Rs 711.90 per quintal in 16 lots.    

Market analysts said improved demand in the spot market due to ongoing marriage season mainly helped potato prices to trade higher at futures market.

 

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First Published: Dec 20 2012 | 12:22 PM IST

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