Business Standard

Potato up 0.7% on rising demand

Commodity for delivery in April traded higher by 0.65%

Press Trust of India New Delhi
Potato prices rose further by 0.76% to Rs 1,308 per quintal in futures trading today following rising demand, driven by ongoing "Navratras" festival.

At the Multi Commodity Exchange, potato for delivery in May gained Rs 9.90, or 0.76%, to Rs 1,308 per quintal in business turnover of 119 lots.

Likewise, potato for delivery in April traded higher by Rs 8.10, or 0.65%, to Rs 1253.30 per quintal in 41 lots.

Analysts said persistent rise in potato futures was mostly due to increased demand in the spot markets on the back of ongoing auspicious "Navratras" festival.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 01 2014 | 1:08 PM IST

Explore News