Potato futures gain 2.88 per cent on upsurge in demand

NEW DELHI: Potato prices gained 2.88 per cent to Rs 678.90 per quintal in futures trade today as speculators enlarged their positions after rising spot demand against limited arrivals.


At the Multi Commodity Exchange, potato for delivery in September gained Rs 19, or 2.88 per cent, to Rs 678.90 per quintal in business turnover of 185 lots.

Potato for delivery in August contract traded higher by Rs 16.20, or 2.28 per cent, to Rs 726.50 per quintal in 175 lots.

Market analysts said speculators enlarged their positions on the back of upsurge in demand in the spot market against restricted arrivals from producing region mainly led an upward movements in potato prices at futures trade.