Potato futures up 0.27 per cent

NEW DELHI: Supported by pick up in demand in the spot market and restricted arrivals from producing belts, potato prices edged up by 0.27 per cent to Rs 889.90 per quintal in futures market today as speculators created fresh position.

At the Multi Commodity Exchange, potato for delivery in far-month March rose by Rs 2.40, or 0.27 per cent, to Rs 889.90 per quintal in business turnover of 31 lots.

Likewise, the potato for delivery in April traded higher by 30 paise, or 0.04 per cent, to Rs 855 per quintal in 3 lots.

Analysts attributed the rise in potato futures to rising demand in spot markets (mandies) against restricted arrivals from producing regions.