Potato prices rose by Rs 13 to Rs 493.30 per quintal in futures trade today as traders enlarged their positions on pick-up in spot market demand.
At the Multi Commodity Exchange, potato for delivery in July rose by Rs 13, or 2.70%, to Rs 493.30 per quintal, with a trading volume of 168 lots.
Potato for delivery in August traded higher by Rs 7.10, or 1.58%, to Rs 454.50 per quintal, with a business volume of 130 lots. Likewise, prices for September delivery rose by Rs 6, or 1.42%, to Rs 426.50 per quintal, with an open interest of 89 lots.
Analysts said increased buying by traders and speculators on pick-up in spot market demand mainly led to rise in potato prices at futures trade.
They said restricted arrivals from producing belts also influenced the trading sentiment to some extent.
