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Potato up by 1% on strong demand

The potato for delivery in July contracts gained 0.12%

Press Trust of India New Delhi
Potato extended gains for the third straight day with prices rising further by Rs 8.10 to Rs 794.70 per quintal in futures market today supported by strong demand in the spot market against limited arrivals from producing regions.

At the Multi Commodity Exchange, potato for delivery in August month added Rs 8.10, or 1.03% to Rs 794.70 per quintal in business turnover of 23 lots.

The potato for delivery in July contracts gained Re 1, or 0.12% to Rs 841 per quintal in 3 lots.

Analysts said besides strong demand in the spot market, restricted arrivals from producing regions due to rainy season mainly kept potato prices higher at futures trade.

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First Published: Jun 28 2013 | 12:53 PM IST

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