Potato futures extend gains on limited supply, strong demand

Jan 23 2013, 15:48 IST
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SummaryThe potato for March contract also inched up by Rs 4.90, or 0.60 per cent, to Rs 820 per quintal, with a trade volume of 45 lots.

Supported by a pick up in demand in the spot market, potato prices gained Rs 7.30 to reach Rs 812.60 per quintal in futures market today, on speculators increasing their positions.

At the Multi Commodity Exchange, potato for delivery in April traded higher by Rs 7.30, or 0.90 per cent, to Rs 812.60 per quintal, with a business turnover of 12 lots.

The potato for March contract also inched up by Rs 4.90, or 0.60 per cent, to Rs 820 per quintal, with a trade volume of 45 lots.

Analysts said improved demand against less arrivals from producing regions mainly helped potato prices to trade higher at futures trade.

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