Potato futures rise 1.14 pc on limited supply, high demand

NEW DELHI, Feb 19: Potato prices rose further by 1.14 per cent to Rs 1,188.50 per quintal in futures trade today as speculators enlarged their positions on a firming spot markets trend amid restricted arrivals from producing regions.
At the Multi Commodity Exchange, potato prices for March contract rose by Rs 13.50, or 1.14 per cent, to Rs 1,188.50 per quintal, with a business volume of 212 lots.
The potato for delivery in April also traded higher by Rs 6.30, or 0.52 per cent, to Rs 1,200 per quintal, with a trading volume of 76 lots.
Marketmen said increased buying by speculators on pick-up in spot market demand led to the rise in potato prices at futures trade. (AGENCIES)