Potato increases on account of spot demand

Potato increases on account of spot demand
On June 2, 2011, the prices of potato for the July contract rose by Rs 9, or 1.93% to Rs 475 per quintal, with a business turnover of 221 lots at the Multi Commodity Exchange (MCX) since fresh holdings were created by the traders tracking the pick up in the demand.

The potato for the June contract also moved up by Rs 4, or 0.77% to Rs 521 per quintal in 190 lots at the MCX.

Moreover, the reduced supply from the growing belts also supported the prices of the potato.

Read more about: potato, mcx, commodities, futures
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