Wednesday 11 June 2014

Potato futures trade higher on strong demand

Potato futures traded higher on MCX as speculators enlarged their positions supported by firming trend in spot market amid strong demand, against limited stocks position in the physical market. However, easy availability of the commodity in the market capped the gains to some extent.
The contract for June delivery was trading at Rs 1350.00, up by 0.20% or Rs 2.70 from its previous closing of Rs 1347.30. The open interest of the contract stood at 1161.00 lots.
The contract for July delivery was trading at Rs 1402.50, up by 0.55% or Rs 7.70 from its previous closing of Rs 1394.80. The open interest of the contract stood at 1830.00 lots on MCX.

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