Potato futures up 1.31 pc on strong spot demand

NEW DELHI, Feb 5: Potato prices moved up by Rs 11.40 to Rs 881 per quintal in futures trade today, on increased spot demand against restricted arrivals due to bad weather.
Trading sentiment improved further as the traders enlarged their holdings on account of a surge in the demand for the commodity in the market.
At the Multi Commodity Exchange, potato for delivery in April rose by Rs 11.40, or 1.31 per cent, to Rs 881 per quintal, with a trading volume of 45 lots.
Potato for delivery in March also moved up by Rs 10.10, or 1.16 per cent, to Rs 875.10 per quintal with a trade volume of 99 lots.
Analysts said increased demand in the spot market against tight supplies from producing regions mainly pushed up potato prices at futures trade. (PTI)