Potato futures prices rise 0.15% on spot demand

Nov 30 2012, 13:23 IST
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SummaryPotato prices rose by Rs 1.10 to Rs 719.90 per quintal in futures trading today.

Potato prices rose by Rs 1.10 to Rs 719.90 per quintal in futures trading today as speculators created fresh position, supported by rise in demand in the spot market.

At the Multi Commodity Exchange, potato for delivery in May rose by Rs 1.10, or 0.15 per cent, to Rs 719.90 per quintal in business turnover of 3 lots.

The potato for delivery in the March contract also traded marginally higher by 10 paise, or 0.01 per cent, to Rs 729.90 per quintal in 3 lots.

Market analysts said fresh buying by speculators on the back of a rise in demand in the spot market mainly helped potato futures to trade higher.

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