Potato futures rise on spot demand

NEW DELHI: Potato prices recovered by Rs 18.60 to Rs 1,350 per quintal in futures market today after speculators created fresh positions driven by rising demand in the spot market.

At the Multi Commodity exchange, potato for delivery in June month rose by Rs 18.60, or 1.40 per cent to Rs 1,350 per quintal in business turnover of 43 lots.

Likewise, the potato for delivery in April contract moved up by Rs 9.20,or 0.91 per cent to Rs 1,022.80 per quintal in 125 lots.

Analysts said pick up in demand in the spot market due to ongoing "Navratas" festival mainly pushed up potato prices at futures trade.