Potato prices rose by Rs 5.10 to Rs 493.50 per quintal in futures rise on spot demand

Spud prices rose by Rs 5. 10 to Rs 493. 50 per quintal within futures trade today as speculators created fresh positions, driven by a pick-up in spot market demand because of the ongoing festive season.

At the Multi Commodity Exchange, potato for delivery within October rose by Rs 5. 10, or 1. 04%, to Rs 493. 50 for each quintal, with a business turnover of 168 lots.



Likewise, potato for Sept delivery edged up by Rs 1. 90, or 0. 40%, to Rs 476. 50 for each quintal, with an open interest for 12 lots.

Market analysts said fresh buying by traders about the back of a pick-up in spot market demand mainly led to the actual rise in potato prices in futures trade.

They said restricted arrivals from producing belts in Agra and Haldwani also influenced the trading sentiment somewhat.