Potato futures up 1.27% on pick-up in spot demand

Written by PTI | New Delhi | Updated: Dec 24 2012, 19:00pm hrs
Potato prices moved up by Rs 9.10 to Rs 724.70 per quintal in futures trade today, on increased spot demand against restricted arrivals.

At the Multi Commodity Exchange, potato for delivery in March rose by Rs 9.10, or 1.27 per cent, to Rs 724.70 per quintal, with an open interest of 26 lots.

The potato for delivery in April also moved up by Rs 6.30, or 0.93 per cent to Rs 682.50 per quintal with a trade volume of 7 lots.

Analysts said increased demand in the spot market against tight supplies from producing regions mainly pushed up potato prices at futures trade.