Almond futures down 0.97 pc on sluggish demand

NEW DELHI: Almond prices drifted by Rs 4.50 to Rs 460 per kg in futures trade today as speculators offloaded their positions, tracking a weak trend at spot market owing to sluggish demand.

At the Multi Commodity Exchange, almond for delivery in January fell by Rs 4.50, or 0.97 per cent to Rs 460 per kg in a single lot.

Market analysts said sluggish demand in the spot market against fresh arrivals from overseas markets, mainly put pressure on almond prices at futures trade.