Potato futures up on higher demand
At the Multi Commodity Exchange, potato for delivery in July rose by Rs 5.20, or 0.61 per cent to Rs 854 per quintal in business turnover of two lots.
By PTI |
NEW DELHI: Potato prices moved up by Rs 5.20 to Rs 854 per quintal in futures market today as speculators enlarged their positions on the back of pick up in demand in the spot market.
Restricted arrivals from producing regions also supported the rise in potato at futures trade.
At the Multi Commodity Exchange, potato for delivery in July rose by Rs 5.20, or 0.61 per cent to Rs 854 per quintal in business turnover of two lots.
The potato for delivery in August also traded higher by Rs 3.50, or 0.43 per cent, to Rs 810.40 per quintal in 12 lots.
Analysts said increased buying by speculators on the back of a rise in demand in the spot market and fall in supplies from producing regions due to heavy rains in growing regions, influenced potato prices.
Restricted arrivals from producing regions also supported the rise in potato at futures trade.
At the Multi Commodity Exchange, potato for delivery in July rose by Rs 5.20, or 0.61 per cent to Rs 854 per quintal in business turnover of two lots.
The potato for delivery in August also traded higher by Rs 3.50, or 0.43 per cent, to Rs 810.40 per quintal in 12 lots.
Analysts said increased buying by speculators on the back of a rise in demand in the spot market and fall in supplies from producing regions due to heavy rains in growing regions, influenced potato prices.
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