Potato up on firm spot market

PTI Updated - May 31, 2011 at 01:43 PM.

Buoyed by firming trend at the physical markets, potato prices moved up by Rs 1.80 to Rs 474.70 per quintal in futures trading today as speculators created fresh positions.

Tight arrivals from producing region further fuelled the uptrend.

At the Multi Commodity Exchange, potato for delivery in July moved up by Rs 1.80 or 0.38 per cent to Rs 474.70 per quintal, with a business turnover of 11 lots.

Potato for delivery in June also traded higher by Rs 1.30 or 0.25 per cent to Rs 524 per quintal, with a business volume of 12 lots.

Market analysts said a firming trend at the spot markets on the back of pick-up in demand mainly influenced potato prices at futures trade.

Published on May 31, 2011 08:13