Potato futures rises 0.83 pc on limited supply, high demand

NEW DELHI: Potato prices rose by 0.83 per cent to Rs 1,211.90 per quintal in futures trade today as speculators enlarged their positions supported by firming trend in spot market amid restricted arrivals.

At the Multi Commodity Exchange, potato for delivery in April surged by Rs 10, or 0.83 per cent, to Rs 1,211.90 per quintal with a business turnover of 111 lots.

Potato prices for delivery in March also jumped up by Rs 8.90, or 0.75 per cent, to Rs 1,194 per quintal, with trading volume of 20 lots.

Marketmen said increased buying by speculators on pick-up in spot market demand against restricted supplies from the major producing belts, mainly led to the rise in potato prices at futures trade.