Potato futures prices today shot up by Rs 2.96% to Rs 1,218 per quintal as speculators increased their positions on the back of good demand in the spot market against limited arrivals.
Expectations of a fall in production in the major growing states of Uttar Pradesh and West Bengal further supported the uptrend in potato futures.
At the Multi Commodity Exchange, the July delivery shot up by Rs 35, or 2.96%, to Rs 1,218 per quintal in business turnover of 44 lots.
The May delivery moved up by Rs 27.10, or 2.56%, to Rs 1,107.80 per quintal in 235 lots.
Marketmen attributed the sharp rise in potato futures to increased buying by speculators and good spot demand against restricted arrivals from producing regions.
