Potato rises 0.22 per cent at futures trade as demand picks up

NEW DELHI: Potato prices rose by 0.22 per cent to 1,174.90 per quintal in futures market today as speculators created fresh positions after pick up in demand in the spot market.

At the Multi Commodity Exchange, potato for delivery in March traded higher by Rs 2.60, or 0.22 per cent to Rs 1,174.90 per quintal in business turnover of 52 lots.

However, potato for delivery in April eased by Rs 1.70, or 0.14 per cent to Rs 1,197.60 per quintal in 115 lots.

Analysts said fresh positions built-up by speculators due to rise in demand in the spot market mainly helped potato prices to trade higher at futures trade.