Potato futures trade marginally up on spot demand

NEW DELHI, Dec 10; Potato prices edged higher by 0.49 per cent to Rs 939.60 per quintal in futures market today on speculators increasing their positions driven by firming spot markets trend amid restricted arrivals.

At the Multi Commodity Exchange, potato for delivery in March traded higher by Rs 4.60, or 0.49 per cent, to Rs 939.60 per quintal, with a business turnover of 49 lots.

The potato for April contract also inched up by Rs 3, or 0.32 per cent, to Rs 922 per quintal, with a trading volume of 11 lots.

Analysts said improved demand against less arrivals from producing regions mainly helped potato prices to trade marginally higher at futures trade. (AGENCIES)