MUMBAI (Commodity Online): Potato futures rose Thursday as traders created their positions on the back of firm domestic demand for the ongoing seasonal demand.
In NCDEX potato April February contract is trading at Rs.700 per quintal, down by 1.19 per cent on 15:30 IST against the previous close.
In the morning session the contract traded at a range of Rs.697.60-705 per quintal. Open interest of the contract is 2820 lots and volume traded is 435 lots for the time being.
Low amount of sowing expected in the next season, due to farmers shifting to other crops, because of unfavorable prices this season.