Potato futures trade marginally up on spot demand

Dec 11 2012, 14:00 IST
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SummaryPotato prices edged higher by 0.61 per cent to Rs 724 per quintal in futures market.

Potato prices edged higher by 0.61 per cent to Rs 724 per quintal in futures market today on speculators increasing their positions driven by firming spot markets trend amid restricted arrivals.

At the Multi Commodity Exchange, potato for delivery in March traded higher by Rs 4.40, or 0.61 per cent, to Rs 724 per quintal, with a business turnover of 26 lots.

The potato for April contract also inched up by Rs 2.30, or 0.33 per cent, to Rs 693 per quintal, with a trading volume of seven lots.

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

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