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This is an archive article published on January 4, 2011

Potato futures rise on spot demand

Potato futures prices rose by Rs 3.70,to Rs 653.90 per quintal in futures trade on Friday.

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Potato futures prices rose by Rs 3.70,to Rs 653.90 per quintal in futures trade on Friday on pick-up in demand in the spot market against less arrivals from the producing region.

At the Multi Commodity exchange counter,potato for delivery in March rose by Rs 3.70,or 0.57 per cent,to Rs 653.90 per quintal,with a business turnover of two lots.

The potato for delivery in April also gained Rs 3.30,or 0.52 per cent,to Rs 633.90 per quintal,with a business turnover of two lots.

Rise in potato futures prices was due to pick-up demand in the spot market against restricted arrivals.

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