Potato futures prices recover on spot demand

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SummaryPotato prices recovered by Rs 4.10 to Rs 674 per quintal in futures trade today.

Potato prices recovered by Rs 4.10 to Rs 674 per quintal in futures trade today as speculators created fresh positions, driven by a rise in demand in the spot market.

However, easy availability of stocks in the physical market due to increased arrivals from producing belts limited the gain.

At the Multi Commodity Exchange, potato for delivery in April month recovered by Rs 4.10, or 0.61 per cent to Rs 674 per quintal in business turnover of 3 lots.

The potato for delivery in March contract traded higher by Rs 3.30, or 0.47 per cent to Rs 711.90 per quintal in 16 lots.

Market analysts said improved demand in the spot market due to ongoing marriage season mainly helped potato prices to trade higher at futures market.

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