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Almond futures turn weak on profit-booking

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Press Truust of India New Delhi
Last Updated : Jan 21 2013 | 3:38 AM IST

Almond prices declined by Rs 3.50, or 1.03 per cent, at Rs 335 per kg in the futures trade today, as speculators booked profits at existing higher prices.

Weak trend in the spot market followed by fresh arrivals from overseas market against sluggish demand also put pressure on the prices.

At the Multi Commodity Exchange, almond for September month contract declined by Rs 3.50, or 1.03 per cent, to Rs 335 per kg, with a trading volume of two lots.

Traders said profit booking by speculators and weak trend in the spot market mainly led to a fall in almond prices in futures trade.

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First Published: Jul 02 2010 | 5:19 PM IST

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