Potato rises by 2.36% on restricted arrivals 02/07/2014

Potato rises by 2.36% on restricted arrivals
02/07/2014 14:50
Potato prices rose by 2.36 per cent on Wednesday at the Multi Commodity Exchange (MCX) as a result of a rise in the demand in the market in the midst of restricted arrivals from the major producing regions in UP, Punjab, MP and West Bengal. Potato futures for July 2014 contract, at MCX, were trading at Rs 1,362 per 100 kg, up by 2.36 per cent after opening at Rs. 1,370 against the previous closing price of Rs. 1,330.60. It touched the intra-day high of Rs. 1,370 till the trading. (At 2.45 PM today). Sentiment improved further as the traders enlarged their holdings on account of a surge in the demand for the commodity in the market. The major potato markets in UP are Agra, Hathras, Kanpur, Meerut, Farrukkhabad; Jalandhar, Ludhiana, Phul and Patiala in Punjab; Ujjain, Indore and Dewas in MP