Potato futures up as demand rises

PTI Updated - April 28, 2011 at 01:28 PM.

Workers sorting out potatoes at a vegetable market. Photo Sushil Kumar Verma

Potato prices rose by Rs 8.10 to Rs 597.50 a quintal in futures trading as traders enlarged their positions on account of firm domestic demand.

On the Multi Commodity Exchange, potato for May delivery contract rose by Rs 8.10 or 1.37 per cent to Rs 597.50 a quintal with a trading volume of 316 lots.

Potato for delivery in June traded higher by Rs 6.20 or 1.16 per cent to Rs 539.80 a quintal with a trading volume of 272 lots.

Market analysts said increased buying by speculators following rising demand in domestic markets led to the rise in prices at futures trade.

Restricted arrivals from producing belts in Haldwani and Agra also influenced the trading sentiment to some extent, they added.

Published on April 28, 2011 07:58
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