Business Standard

Potato up 0.6% on spot demand

Commodity for delivery in April edged up by 0.2%

Press Trust of India New Delhi
Potato prices gained 0.60% to Rs 1,198.40 per quintal in futures trading today as speculators created fresh positions, driven by pick-up in demand in the spot market.

At the Multi Commodity Exchange, potato for delivery in March gained Rs 7.20, or 0.60% to Rs 1198.40 per quintal in business turnover of 8 lots.

Potato for delivery in April also edged up by Rs 2.50, or 0.20% to Rs 1,233.80 per quintal in 40 lots.

Analysts said speculators created fresh positions as demand in the spot market picked-up amid restricted arrivals from producing regions that mainly led to rise in potato prices at futures trade.

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First Published: Mar 27 2014 | 1:24 PM IST

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