Monday 26 May 2014

Potato futures move higher on restricted arrivals

Potato futures moved higher on MCX as speculators created fresh positions after demand in the spot markets picked up. Furthermore, restricted arrivals from producing belts along with limited stocks position also influenced commodity prices upside.
The contract for May delivery was trading at Rs 1282.00, up by 0.31% or Rs 3.90 from its previous closing of Rs 1278.10. The open interest of the contract stood at 166.00 lots.
The contract for June delivery was trading at Rs 1341.90, up by 1.12% or Rs 14.80 from its previous closing of Rs 1327.10. The open interest of the contract stood at 1594.00 lots on MCX.

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