Potato futures up 2.01 pc on fresh buying

NEW DELHI: Potato prices rose Rs 23 to Rs 1,165.50 per quintal in futures trade today, as traders created fresh positions on the back of rising demand in the domestic market.

Sentiment improved further on restricted arrivals from producing regions.

At the Multi Commodity Exchange, potato for May contract rose by Rs 23, or 2.01 per cent to Rs 1,165.50 per quintal, with a trading volume of 283 lots.

The delivery for April contract also traded higher by Rs 19.20, or 1.90 per cent to Rs 1,025 per quintal with a business volume of 180 lots.

Marketmen said the rise in potato prices at futures trade was attributed to the rising spot demand.

Also, restricted arrivals in the markets from producing belts in UP, Punjab, MP and West Bengal also influenced the prices,they said.