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17-May2014

Potato extend losses on rising demand

Potato futures extended their losses on MCX due to a firming spot markets trend on rising demand amid tight supplies from producing belts. Besides, limited stocks position in the physical market also supported the upsurge.

The contract for May delivery was trading at Rs 1306.50, up by 0.21% or Rs 2.80 from its previous closing of Rs 1303.70. The open interest of the contract stood at 375.00 lots.

The contract for June delivery was trading at Rs 1354.90, up by 0.70% or Rs 9.40 from its previous closing of Rs 1345.50. The open interest of the contract stood at 1642.00 lots on MCX.


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