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Potato futures prices rose Rs 11.70 to Rs 586.40 per quintal today as speculators enlarged their positions on strong demand in the spot market for the ongoing ‘Navratra’ festival.
Less arrivals from the producing regions also supported the uptrend.
At the Multi Commodity Exchange, potato for June contract rose Rs 11.70 or 2.04 per cent to Rs 586.40 per quintal with a business turnover of just one lot.
Similarly, May contract moved up by Rs 9.70 or 1.65 per cent to Rs 596.50 per quintal with an open interest of just one lot, while April contract gained Rs 10 or 1.61 per cent to Rs 632 per quintal with a trade volume of just one lot.
Market analysts said speculators enlarged their positions on the back of strong demand in the spot market supported by the ongoing ‘Navratra’, which mainly pushed up the potato futures prices.
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