Potato futures prices rise in spot demand

Potato prices rose by Rs 5.40 to Rs 705 per quintal in futures trading today.

Written by Agencies | New Delhi | Published: October 16, 2012 12:05 pm

Potato prices rose by Rs 5.40 to Rs 705 per quintal in futures trading today as speculators created fresh positions,driven by rising demand in the spot market on the back of beginning of ‘Navratri’ festival.

At the Multi Commodity Exchange,potato for delivery in April rose by Rs 5.40,or 0.77 per cent,to Rs 705 per quintal in business turnover of three lots.

The potato for delivery in March also traded higher by Rs 2.40,or 0.33 per cent,to Rs 734.90 per quintal in just one lot.

Market experts said fresh positions built-up by speculators on the back of pick-up in demand in the spot market following the beginning of auspicious ‘Navratri’

festival,influenced potato futures prices.

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