MCX Potato reverses its previous day’s losses; rises on high demand, limited supply

Reversing its previous day’s losses, potato prices rose on Today at the Multi Commodity Exchange (MCX) 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. Potato futures for July 2013 contract, at MCX, were trading at Rs 837.60 per 100 kg, up by 0.07 per cent after opening at Rs. 839 against the previous closing price of Rs. 837. It touched the intra-day high of Rs. 844.30 till the trading. (At 2.35 PM today). Sentiment improved further as the traders enlarged their holdings on account of a surge in the demand for the commodity in the market. 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