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Potato up 1.5% on fresh buying

Marketmen said the rise in potato prices at futures trade was attributed to the rising spot demand

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Press Trust of India New Delhi

Potato prices rose by Rs 15.60 to Rs 1,045 per quintal in futures trade today, as traders created fresh positions on the back of rising demand in the domestic markets.

Sentiment improved further on restricted arrivals from producing regions.

At the Multi Commodity Exchange, the April contract rose by Rs 15.60, or 1.51%, to Rs 1,045 per quintal, with a trading volume of 10 lots.

The May contract also traded higher by Rs 14.60, or 1.35%, to Rs 1,095.40 per quintal with a business volume of 93 lots.

Marketmen said the rise in potato prices at 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: Apr 13 2012 | 2:49 PM IST

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