Business Standard

Potato up 3% on spot demand

Restricted arrivals from producing belts influence prices

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Press Trust of India New Delhi

Potato extended gains for the second day in a row by adding Rs 29 to Rs 1,000.50 per quintal as traders enlarged positions, driven by rising spot demand against less arrivals from producing belts.

At the Multi Commodity Exchange, potato for delivery in September rose by Rs 29, or 2.99%, to Rs 1,000.50 per quintal, with a business turnover of six lots.

October potato moved up by Rs 27.10, or 2.53%, to Rs 1,097.90 per quintal, with a business turnover of 38 lots.

Marketmen said apart from rising demand in the spot market, restricted arrivals from producing belts pushed up potato futures.

 

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First Published: Sep 14 2012 | 1:27 PM IST

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