Potato futures extend gains on pick up in spot demand
At the Multi Commodity Exchange, potato for delivery in April gained Rs 6.10, or 0.61 per cent to Rs 1001 per quintal in a single lot.
By PTI |
NEW DELHI: Potato prices extended gains by adding Rs 6.10 to Rs 1,001 per quintal in futures trading today as traders enlarged their positions on the back of rising demand in the spot market ahead of 'Navratras' festival.
Tight stocks availability in the physical market on restricted arrivals from producing regions also supported the uptrend.
At the Multi Commodity Exchange, potato for delivery in April gained Rs 6.10, or 0.61 per cent to Rs 1001 per quintal in a single lot.
Likewise, potato for delivery in May edged up by 60 paise, or 0.06 per cent to Rs 1033 per quintal in 36 lots.
Analysts said traders enlarged their positions on rising demand in view of 'Navratras' festival, beginning tomorrow, mainly kept potato prices remain higher at futures market.
Tight stocks availability in the physical market on restricted arrivals from producing regions also supported the uptrend.
At the Multi Commodity Exchange, potato for delivery in April gained Rs 6.10, or 0.61 per cent to Rs 1001 per quintal in a single lot.
Likewise, potato for delivery in May edged up by 60 paise, or 0.06 per cent to Rs 1033 per quintal in 36 lots.
Analysts said traders enlarged their positions on rising demand in view of 'Navratras' festival, beginning tomorrow, mainly kept potato prices remain higher at futures market.
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