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Almond prices weak on profit-booking

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Press Trust of India New Delhi

Almond futures prices declined by Rs 3.75, or 1.14 per cent, to Rs 326 per kg today, as speculators booked profits at existing higher levels.

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

At the Multi Commodity Exchange, almond for September contract declined by Rs 3.75, or 1.14 per cent, to Rs 326 per kg, with a trading volume of one lot.

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 29 2010 | 3:45 PM IST

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