Potato futures rise 1.62 pc on rising demand, tight supply

NEW DELHI: Supported by rising demand in the spot markets and tight supplies from producing regions, potato prices rose 1.62 per cent to Rs 984.90 per quintal in futures trade today as speculators created positions.

At the Multi Commodity Exchange, potato for delivery in far-month April rose by Rs 15.70, or 1.62 per cent, to Rs 984.90 per quintal in business turnover of 32 lots.

Likewise, the potato for delivery in March gained Rs 13.20, or 1.34 per cent, to Rs 995 per quintal in 178 lots.

Analysts said besides rising demand in the spot market against tight supplies following less arrivals from producing region mainly pushed up potato prices at futures trade.