Business Standard

Potato up by 1.9% on rising demand

Tight stocks availability in the physical market following less arrivals from producing regions influenced potato prices

Press Trust of India New Delhi
Potato prices maintained an upward march for the fourth straight day by adding 1.93% to Rs 669.90 per quintal in futures trading today on rising demand in the spot market.
 
Tight stocks availability in the physical market following less arrivals from producing regions due to heavy rains also led to an upsurge in potato.
 
At the Multi Commodity Exchange, potato for delivery in September rose by Rs 12.70, or 1.93%, to Rs 669.90 per quintal in business turnover of 174 lots.
 
Likewise, the potato for delivery in August traded higher by Rs 10.20, or 1.44%, to Rs 706.80 per quintal in 89 lots.
 
 
Analysts said besides rising demand in the spot market, tight supplies due to less arrivals from producing regions due to heavy rains mainly kept potato firm for the fourth day in futures trade. 

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First Published: Jul 25 2013 | 1:55 PM IST

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