Breaking News

You are here » Indian-Commodity  :  Commodities  :  Potato  :  Potato extend losses on rising demand

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.


Related News

View all news

Potato production to be close to 100 LT in 2018 season

The production of potato in the 2018 season is likely to be close to 100 lakh tone (LT) compared to production of 110 LT recorded in 2017. As per West Bengal Coal Storage Association president Patit Paban......

Ministry approves procurement of one lakh MT of potatoes under MIS

The Ministry of Agriculture and Farmers Welfare has approved the procurement of potato under Market Intervention Scheme (MIS) in Uttar Pradesh for the crop season 2016-17. A maximum quantity of 100,000......

Potato futures trade up on increased demand

Potato futures traded up on MCX as speculators enlarged positions amid increased spot demand against restricted arrivals from producing regions. However, the government's curbs to improve availability......

Top News

View all news

RBI's swap arrangement a 'sound move': Subhash Chandra Garg

Welcoming the Central Bank's rupee-dollar swap auction, the Finance Ministry has said that liquidity situation of the economy is comfortable and it will be boosted further by Rs 35,000 crore through the......

KPTL, Infibeam Avenues and Amarjothi Spinning Mills to see some action today

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......

Kalpataru Power Transmission to acquire 85% stake in Linjemontage i Grastorp AB

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......