Potato rises 0.32% on spot demand

Potato futures prices gained Rs 2.20 to Rs 691 per quintal today, as traders enlarged their positions on pick up in the spot market demand.

Restricted arrivals from the producing regions also supported the uptrend.

At the Multi Commodity Exchange, potato for delivery in May contract gained Rs 2.20, or 0.32 per cent to Rs 691 per quintal, with a business volume of single lot.

The potato for delivery in March contract also traded higher by Rs 1.30, or 0.19 per cent, to Rs 678.10 per quintal, with a business turnover of two lots.

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

They said restricted arrivals from producing region also influenced the trading sentiment to some extent.