Potato prices rose by Rs 9.50 to Rs 742 per quintal in futures trade today as traders enlarged their positions following pick-up in spot market demand for the ongoing marriage season.
Sentiment improved further as a result of the restricted arrivals from producing regions.
At the Multi Commodity Exchange, potato for March delivery rose by Rs 9.50, or 1.30%, to Rs 742 per quintal, with a trading volume of 576 lots.
The May contract traded higher by Rs 8.50, or 1.13%, to Rs 756.90 per quintal, with a business volume of 53 lots, while April potato rose by Rs 5.80, or 0.80%, to Rs 728.50 per quintal, with an open interest of 71 lots.
Marketmen 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 in Uttar Pradesh, Punjab, Madhya Pradesh and West Bengal also influenced the trading sentiment to some extent.
