Potato prices rose by Rs 14.70 to Rs 537.80 a quintal in futures trade on Monday as speculators enlarged their positions on the back of a pick-up in spot market demand amid low stock availability. Restricted supply from producing regions also supported the uptrend.
At the Multi Commodity Exchange, potato for October contract delivery rose by Rs 14.70, or 2.81 per cent, to Rs 537.80 a quintal, with a trading volume of 270 lots.
Potato for September contract delivery also rose by Rs 9.30, or 1.88 per cent, to Rs 502 a quintal, with a trading volume of 189 lots.
Analysts said increased buying by traders and speculators on the back of a pick-up in demand in the spot market mainly led to rise in potato prices in futures trade.
They said restricted arrivals from producing belts also influenced the trading sentiment to some extent.