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Wednesday, January 23, 2013

Potato futures extend gains on limited supply, strong demand

New Delhi, Jan 23 (PTI) Supported by pick-up in spot demand and restricted supplies, potato futures prices today rose by another Rs 7.30 to Rs 812.60 per quintal. At the Multi Commodity Exchange, potato for delivery in April traded higher by Rs 7.30, or 0.90 per cent, to Rs 812.60 per quintal, with a business turnover of 12 lots. The potato for March contract also inched up by Rs 4.90, or 0.60 per cent, to Rs 820 per quintal, with a trading volume of 45 lots. Analysts said improved demand against less arrivals from growing regions mainly helped potato prices to trade higher at futures trade.

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