Commodity market tips for Potato

Potato prices rose by 1.56 per cent on Friday at the Multi Commodity Exchange (MCX) as the traders enlarged their holdings on account of a surge in the demand for the commodity in the market. Potato futures for May 2013 contract, at MCX, were trading at Rs 998 per 100 kg, up by 1.56 per cent after opening at Rs. 982 against the previous closing price of Rs. 982.70. It touched the intra-day high of Rs. 999.90 till the trading. (At 3.54 PM today). Sentiment improved further as a result of a rise in the demand in the market in the midst of restricted arrivals from the major producing regions in UP, Punjab, MP and West Bengal. The major potato markets in UP are Agra, Hathras, Kanpur, Meerut, Farrukkhabad; Jalandhar, Ludhiana, Phul and Patiala in Punjab; Ujjain, Indore and Dewas in MP and Hoogly, Burdwan and Howrah in West Bengal.

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