Don’t miss the latest developments in business and finance.

Almond prices weak on profit booking

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:04 AM IST

Almond prices declined by Rs four, or 1.21 per cent, to Rs 325 per kg in futures trade today, as speculators booked profits at the existing higher prices.

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

At the Multi Commodity Exchange counter, almond for September-month contract declined by Rs four, or 1.21 per cent, to Rs 325 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.

More From This Section

First Published: Jul 22 2010 | 4:19 PM IST

Next Story