Potato futures gain 1.60% as demand picks up

NEW DELHI: Potato prices gained Rs 13.30 to Rs 844.90 per quintal in futures market today as speculators created fresh positions, driven by a rise in demand in the spot market.

Trading sentiment improved further on restricted supply in the spot markets.

At the Multi Commodity Exchange, potato for delivery in April gained Rs 13.30, or 1.60 per cent, to Rs 844.90 per quintal in business turnover of 7 lots.

Potato for delivery in March also moved up by Rs 4.20, or 0.50 per cent, to Rs 841.70 per quintal in 32 lots.

Market analysts attributed the rise in potato futures to speculators created fresh positions, driven by rising demand in the spot markets against restricted arrivals from producing regions.