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Potato rises by 1% on good demand

Tight supplies in the physical market following less arrivals from producing regions influenced prices

Press Trust of India New Delhi
In restricted trade, potato prices rose by 1.02% to Rs 842.60 per quintal in futures market today as speculators enlarged their positions on the back of good demand in the spot market.
 
Tight supplies in the physical market following less arrivals from producing regions due to heavy rains also supported the upsurge in potato prices.
 
At the Multi Commodity Exchange, potato for delivery in September rose by Rs 8.50, or 1.02% to Rs 842.60 per quintal in business turnover of 78 lots.
 
Market analysts said speculators enlarged their positions on the back of good spot market demand against tight supplies on less arrivals from producing regions mainly pushed up potato prices at futures trade.
 

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First Published: Aug 21 2013 | 11:49 AM IST

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