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Potato up 0.7% on fresh buying

Delivery for March contract traded higher by 0.6%

Press Trust of India New Delhi
Potato prices rose by Rs 6.70 to Rs 899 per quintal in futures trade today as traders created fresh positions on the back of rising demand in the domestic market.

Sentiment improved further on restricted arrivals from producing regions.

At the Multi Commodity Exchange, potato for April contract rose by Rs 6.70, or 0.75%, to Rs 899 per quintal, with a trading volume of 15 lots.

The delivery for March contract also traded higher by Rs 5.60, or 0.60%, to Rs 924 per quintal with a business volume of 28 lots.

Marketmen said the rise in potato prices in futures trade was attributed to the rising spot demand.
 
Also, restricted arrivals in the markets from producing belts in UP, Punjab, MP and West Bengal also influenced the prices, they said.

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First Published: Nov 12 2013 | 1:53 PM IST

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