Comments
Potato prices rose Rs 3 to Rs 468.80 per quintal at the futures trading today as traders created fresh positions amid a pick-up in spot market demand.
Restricted arrivals from the producing regions also supported the uptrend.
At the Multi Commodity Exchange counter, potato for delivery in July rose Rs 3 or 0.73 per cent to Rs 468.80 per quintal with a business turnover of 52 lots. Similarly, June contract edged up by Rs 1.70 or 0.37 per cent to Rs 462 per quintal with an open interest of 20 lots.
Market analysts said fresh buying by traders and speculators on the back of a pick-up in spot market demand mainly led to the rise in potato prices at the futures trade.
They added that restricted arrivals from the producing belts also influenced the trading sentiment to some extent.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.