Potato prices hit the daily upper limit of four per cent to Rs 777.90 per quintal in the futures market on Tuesday as speculators enlarged their positions on a firming spot markets trend.
The trading sentiment improved further on restricted supply from the producing regions.
At the Multi Commodity Exchange, potato for delivery in March surged by Rs 29.90, or 4 per cent, to Rs 777.90 per quintal with a business turnover of 208 lots.
Potato prices for delivery in April also jumped up by Rs 28.20, or 4 per cent, to Rs 733.80 per quintal, with trading volume of 21 lots.
Marketmen said increased buying by speculators on pick-up in spot market demand, mainly led to the rise in potato prices at futures trade.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.