Potato futures trade higher by 0.56 pc on spot demand

NEW DELHI: Potato prices rose by 0.56 per cent to Rs 1,285.50 per quintal in futures trade today on the back of a pick-up in demand, driven by beginning of the "Navratras" festival.

At the Multi Commodity Exchange, potato for delivery in May rose by Rs 7.10, or 0.56 per cent, to Rs 1,285.50 per quintal in a business turnover of 85 lots.

Potato for delivery in April also moved up by Rs 2.50, or 0.20 per cent, to Rs 1,234 per quintal in 9 lots.

Analysts said besides pick-up in demand in the spot market supported by beginning of "Navratras" festival, restricted arrivals from producing regions led to rise in potato prices at futures trade.