Business Standard

Potato futures gain 0.76% on rising demand

Image

Press Trust of India New Delhi
Potato futures gained 0.76 per cent to Rs 1,334 per quintal in futures trade today as speculators enlarged positions, supported by rising demand in the spot market.

At the Multi Commodity Exchange, potato for delivery in June moved up by Rs 10, or 0.76 per cent to Rs 1,334 per quintal in business turnover of 34 lots.

Potato for delivery in July also gained Rs 8.90, or 0.65 per cent to Rs 1,373.20 per quintal in 50 lots.

Analysts said, besides rising demand in the spot markets, restricted arrivals from producing belts mainly led to rise in potato prices at futures trade.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 03 2014 | 4:29 PM IST

Explore News