Friday, 30 May 2014

Potato futures gain on increased spot demand

Potato futures gained on MCX as speculators enlarged positions amid increased spot demand against restricted arrivals from producing regions. Besides, low production also influenced the upside of the commodity prices.
The contract for May delivery was trading at Rs 1275.00, up by 0.06% or Rs 0.80 from its previous closing of Rs 1274.20. The open interest of the contract stood at 23.00 lots.
The contract for June delivery was trading at Rs 1320.40, up by 0.25% or Rs 3.30 from its previous closing of Rs 1317.10. The open interest of the contract stood at 1552.00 lots on MCX.

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