Potato futures maintain upward trend on tight supply

NEW DELHI: Potato prices went up by 3 per cent to Rs 833 per quintal in futures trade today, extending its rising streak for the fourth straight day following rising demand in the spot market against tight supplies.

At the Multi Commodity Exchange, potato for delivery in April shot up by Rs 24.30, or 3 per cent, to Rs 833 per quintal in business turnover of 74 lots.

In a similar fashion, the potato for delivery in March gained Rs 14.40, or 1.70 per cent, to Rs 863 per quintal in four lots.

Analysts said besides rising demand in the spot market, tight supplies from producing belts mainly helped pushed up potato prices at futures market.