Potato futures up 0.65 pc on pick up in spot demand

NEW DELHI, May 30:  Potato futures moved up by 0.65 per cent to Rs 1,325.70 per quintal today as speculators enlarged positions amid increased spot demand against restricted arrivals from producing regions.
At the Multi Commodity Exchange, potato for delivery in June rose by Rs 8.60, or 0.65 per cent, to Rs 1,325.70 per quintal, with trading volume of 8 lots.
The potato for delivery in July also moved up by Rs 4.50, or 0.33 per cent, to Rs 1,355 per quintal, with a trade volume of 9 lots.
Analysts said increased demand in the spot markets against tight supplies from producing regions mainly pushed up potato prices at futures trade. (PTI)