Potato futures extend gains as demand pick up

NEW DELHI: Potato prices 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 per cent, to Rs 1,000.50 per quintal, with a business turnover of six lots.

Likewise, the potato for delivery in October moved up by Rs 27.10, or 2.53 per cent, 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 mainly pushed up potato futures.