Monday 19 May 2014

Potato futures move higher on rising demand

Potato futures moved higher on MCX due to a firming spot market trend on rising demand. Further, limited stock positions in the physical market on the back of tight supplies from producing regions also supported the upside of the commodity prices to some extent.
The contract for May delivery was trading at Rs 1310.70, up by 0.51% or Rs 6.70 from its previous closing of Rs 1304.00. The open interest of the contract stood at 370.00 lots.
The contract for June delivery was trading at Rs 1359.00, up by 0.81% or Rs 10.90 from its previous closing of Rs 1348.10. The open interest of the contract stood at 1647.00 lots on MCX.

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